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Predict reports that "Polymarket's first day FDV issuance" has declined across the board, and settlement rules have sparked controversy.
ME News Report, April 7th (UTC+8), on Predict’s “Polymarket Token Launch Day FDV” saw a sharp decline across the board. The current probability that FDV exceeds $2 billion is 13%, and the probability that it exceeds $10 billion is 6%. The official settlement wording is “If, one day after the token issuance, the FDV of Polymarket tokens exceeds the specified value, then this market settles as Yes.” Today, Polymarket announced a comprehensive upgrade to its trading engine and the launch of its native stablecoin Polymarket USD, which is also considered a token issuance by Polymarket, leading to significant fluctuations in the related event probabilities on Predict. (Source: ODAILY)