Trader Suffers $500,000 Loss on U.S. Government Shutdown Bet

A trader known as haeju.eth has incurred a significant financial setback after betting on the end date of the U.S. government shutdown. The trader started with profits totaling $400,000 but lost that amount after wagering on the shutdown ending on November 12th. However, according to rules established by Polymarket, the platform where the bet was placed, the outcome is only valid if a change in the OPM website reflects the end of the shutdown. The trader’s bet was declared incorrect because the OPM website did not update, meaning the prediction was ultimately deemed inaccurate.