Cryptocurrency bettors projected a guilty verdict for rapper Sean “Diddy” Combs on sex trafficking charges, despite prosecutors dropping serious charges against him.
What Happened: Odds that the rapper is convicted of sex trafficking or a related felony charge rose 3 percentage points in the last 24 hours to 66% on Polymarket, a decentralized prediction platform. At one time, the probability had hit 74%.
The outcome would resolve to “Yes” if an official judgment is delivered by the ruling court before the end of the year. Any appeals will have no bearing on the resolution.
Polymarket, based on Polygon (CRYPTO: POL), allows users to buy “Yes” and “No” shares in USDC (CRYPTO: USDC) stablecoin. The shares representing the correct outcome are paid out $1 USDC each upon …