๐จ Another day, another @Polymarket rule change SCAM mid-game. ๐จ
This one might actually be CFTC complaint-worthy. The contract originally had a crystal-clear clause: if the primary is canceled, the market resolves to "Other."
But strangely, with "Other" trading at 60c in a live market, they decided to override their own rules with an absolutely absurd "clarification" that takes hours to wrap your head around.
The worst part? "Other" holders weren't even refunded or paid out in full according to the original contract rules.
You can literally see the conflicting rules side-by-side in image below๐
@shayne_coplan payout the "Other" holders in full!
$QQQ changing its rules to include large IPOs immediately is pretty good for lots of large tech IPOs to come to market. If you have a tech decacorn you've been waiting to IPO, you can do it now and just sell to the index
Just sell to the index is probably the biggest grift we'll see this cycle. Basically taking advantage of investor behavior of over indexing. It prob won't matter for about 18 months tho bc unlocks take time
@OnodaCapital This is a great world to use the logic "his anthropic investment would've covered depositor funds just 3 years later. So what's the crime?"