Core Insights - A significant increase in betting activity on Polymarket regarding Satoshi Nakamoto's potential Bitcoin movement occurred on October 15, with a spike of 15% before dropping to 5% [1] - Traders experienced substantial losses due to the volatility, with one trader losing approximately $11,057 and another losing around $16,583 within a month [2] Company Overview - Polymarket is a decentralized prediction market platform that operates on the Ethereum and Polygon blockchains, allowing users to bet on real-world events using cryptocurrency [5] - The platform was launched in 2020 by Shayne Coplan and enables traders to buy and sell "outcome shares" related to various events, effectively creating a real-time probability market based on public opinion [5] Regulatory Environment - Polymarket operates under a no-action agreement with the U.S. Commodity Futures Trading Commission (CFTC), ensuring compliance through geographic restrictions [6]