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Polymarket users are betting on whether OceanGate’s Titan submarine will be found

  • Till the evening of June 22, most people chose “no”
  • Yesterday it was reported that fragments of the bathyscaphe were found
  • Then the market changed and the option “yes”
  • Bets totaled over $800,000

On Sunday, June 18, the OceanGate’s Titan bathyscaphe stopped responding.. There were five men aboard the craft, who went on an expedition to the Titanic wreck site.

The submarine had a 96-hour oxygen supply. On the night of June 23, it was reported that the U.S. Coast Guard had recovered fragments from the bathyscaphe.. The apparatus was not designed to operate under such conditions.

The incident caused considerable resonance around the world. Several countries participated in the mission to find the submarine. </nbsp;

Polymarket, a platform that takes bets on predictions about cryptocurrency events, saw increased interest in the Titan incident.</nbsp;

Till the evening of June 22, traders were heavily betting that the submarine would not be found.. But the prognosis has changed dramatically after the news of the discovery of fragments of the bathyscaphe.

The position will be closed today, June 23. The total amount of funds on it exceeds $800 thousand.. Opinions are sharply divided over this “market game.”

While some Twitter users said they found a way to spend their paycheck bonus, others tried to shame the participants. Someone named “Remy” called the situation “the most dystopian thing in a long time.” Earlier we reported that Polymarket offered bets in cryptocurrency on the likelihood of a nuclear strike. Read more at the link.