Odaily Planet Daily reports that Polygon’s official account on X stated that February’s POL burn amount reached a new all-time high, with a total of 28.2 million POL burned.
Previously, it was also reported that February’s trading volume for Polymarket, the most important application in the Polygon ecosystem and a prediction market, also hit a historic high.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polymarket User Loses $31K on $57.5K Bet Predicting U.S. Invasion of Cuba by 2026
Gate News bot message, a newly created wallet spent $57.5K on Polymarket betting that the U.S. will invade Cuba in 2026. The bet temporarily pushed the odds above 80%. This person is currently down $31K on the position.
GateNews24m ago
Israeli Journalist Receives Death Threats After Reporting, Are Polymarket "Bettors" Becoming Fanatics?
Israeli *Times of Israel* military reporter Emanuel Fabian recently disclosed that after reporting on an Iranian ballistic missile that struck an empty field in Beit Shemesh, a suburb of Jerusalem, he faced sustained harassment from bettors associated with Polymarket, including receiving death threats.
This incident is particularly striking not only because it involves frontline war reporting and a prediction market with a funding pool exceeding $14 million, but also because it reveals an increasingly acute question: when market participants' profits begin to depend on media narratives, public information, and even violent events themselves, is the prediction market truly "price discovery," or is it creating dangerous incentives for the real world?
Why did a frontline report trigger a mob of bettors?
"That day, I reported on the *Times of Israel*'s live blog that the missile struck an empty field, with no
区块客1h ago
Argentina Blocks Polymarket, Orders App Removal Nationwide
A Buenos Aires court ordered telecom regulator ENACOM to block Polymarket nationwide.
Apple and Google must remove the app from stores after authorities classified it as illegal gambling.
The investigation cited inflation prediction activity and potential access by minors.
Argentina
CryptoFrontNews1h ago
Four smart money addresses invested $97,000, betting that the Iranian regime will not fall before June 30
On the Polymarket prediction market, 4 addresses have invested $97,000 betting on whether the Iranian regime will fall before June 30. The probability of "yes" currently stands at 28%. Analysts believe that Iran faces military strikes and economic sanctions, with intensifying internal factional disputes, but the Iranian Revolutionary Guards still maintain control of the situation and regime survival remains intact.
GateNews2h ago
Polymarket high win-rate address invests $4500, betting on Hormuz Strait normalization before May
Polymarket predictions show that a certain address invested $4,500 with a 77% win rate to purchase the "yes" option for the Strait of Hormuz returning to normal, with the current probability at 25%. Iraq and Iran are negotiating tanker passage safety and considering resuming pipeline operations, with the UAE potentially participating in international action to secure the strait.
GateNews2h ago
Classic Series] Venezuela Wins First Championship! Polymarket Prediction Flops, But Traders Profit Over 10 Million
Venezuela defeated the United States 3-2 in the 2026 WBC Classic, winning their first championship in team history. The match was thrilling, with the United States tying it at one point before Venezuela's Eugenio Suárez delivered a key hit to secure the victory. Prediction markets experienced a reversal, with one trader successfully betting on Venezuela and earning profits exceeding $344,749 (approximately 10.97 million New Taiwan Dollars). MLB expert predictions largely did not align with the actual results, demonstrating how unpredictable sporting events can be.
CryptoCity3h ago