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Predict reports that "Polymarket's first day FDV after token issuance" has declined across the board, with settlement rules sparking controversy.
Odaily Planet Daily News: Predict shows a broad drop in “Polymarket token launch day FDV.” The current probability that FDV is greater than $2 billion is 13%, and the probability that it is greater than $10 billion is 6%.
The official settlement text is: “If, 1 day after the token is issued, the FDV of the Polymarket token is higher than the specified value, then this market will settle as Yes.”
Today, Polymarket announced it will comprehensively upgrade its trading engine and launch the native stablecoin Polymarket USD, which is also treated as a Polymarket token launch, thereby triggering a large fluctuation in the event probabilities on Predict.