Crypto gamblers who bet on "yes" for spot Bitcoin ETF approval before Jan. 15 are now counting their winnings, while the losers have been seen quibbling terminology.
Over $12 million was placed on a Polygon-based decentralized predictions market to bet on whether the United States would approve a spot Bitcoin exchange-traded fund before mid-January.
The bets were conducted on Polymarket, a predictions market, showing a total of $12.6 million in wagers betting either “yes” or “no” to spot Bitcoin ETFs being approved before Jan. 15.
The bet began in early December and resolved to “yes” as of Jan. 10, when the SEC approved the trading and listing of 11 spot Bitcoin ETFs.
