Polymarket just dropped a black swan moment


@Polymarket announced a new collateral token (Polymarket USD), replacing USDC.e on the platform
Totally logical move, which is positive for traders
But @predictdotfun had an active market: "Polymarket FDV above ___ one day after launch?"
1. The moment Polymarket USD launched, added clarification that flipped orderbook instantly
2. Now any token issued by Polymarket that meets rules criteria counts toward FDV, including the stablecoin
3. Polymarket USD market cap is under $1B, so every option in that market > went straight to zero
The logic failure here is hard to overstate:
Polymarket USD is a product under Polymarket — not Polymarket itself
Imagine how many traders got wiped on arbitrage because of this
And how many of them have already moved to similar markets like @opinionlabsxyz
This mistake just accelerated what was already happening.
USDC-0.01%
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