Trader Loses $500,000 on U.S. Government Shutdown Bet – Platform Rules Lead to Significant Financial Loss

A trader known as haeju.eth experienced a significant financial setback after placing a bet on the end date of a U.S. government shutdown through Polymarket. Initial profits of $400,000 were wiped out when the trader’s prediction that the shutdown would conclude on November 12th proved inaccurate. However, the outcome was contingent on the U.S. Office of Personnel Management (OPM) website reflecting the end date. Due to the OPM website not updating accordingly, the bet was deemed incorrect, resulting in a substantial financial loss of $500,000.