A former Polymarket team member stated that the POLY token will not be launched in the short term and may require a long wait.
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Polymarket team members are seeking experts in token economic model design.
Odaily Odaily reports that Mustafa Aljadery, a member of the Polymarket team, posted on X seeking talent in token economic model design, stating, "Who is the best person in the world at building token economic models? Please DM me."
Anastasia Golovina, a former member of the Chainlink team, has joined Hyperliquid as Chief Communications Officer.
PANews reported on July 7 that Anastasia Golovina, a former member of the Chainlink communications team, has joined Hyperliquid as Chief Communications Officer. Golovina stated that she has over eight years of experience in the crypto industry.
Former OpenAI Chinese researcher Tian Yonglong joins Tencent Hunyuan team
According to Beating's monitoring, Tian Yonglong, a former member of the OpenAI technical team, has confirmed joining Tencent's Hunyuan team and will participate in the research and development of visual language models. Tian Yonglong graduated from Tsinghua University with a bachelor's degree and received his Ph.D. from MIT. He previously served as a senior research scientist at Google Research and Google DeepMind, primarily researching computer vision and generative models. This is another top-tier Chinese AI researcher recruited by Tencent Hunyuan, following the recruitment of Chief AI Scientist Yao Shunyu last December. Tencent recently launched the official version of the Hunyuan Hy3 model, led by Yao Shunyu, under an open-source license. With Tian Yonglong's addition, Tencent Hunyuan's talent pool in multimodal and visual model development will be further strengthened.
Two traders sue Polymarket over disputed market settlement results.
According to Foresight News , The Block reports that William Wood and Thomas Bush are suing Polymarket over a prediction market that predicted "no" regarding whether Strategy would sell its tokens before May 31. According to the filed complaint, the plaintiff stated that Strategy clearly stated in its 8-K filing that the company sold 32 bitcoins between May 26 and 31, but Polymarket added a rule clause requiring Strategy to publicly confirm this by May 31. The plaintiffs allege that Polymarket altered the market terms after the transaction was resolved, violating the platform's core commitment to rules-based, objective, and fair dealing. They are demanding that Polymarket compensate the plaintiffs for their profits if the market outcome had been "yes," as well as litigation costs.
Polymarket launches Bitcoin Lightning Network instant deposits and integrates the Spark protocol.
BlockBeats reported on July 8th that prediction market platform Polymarket announced support for instant, self-custodied deposits via the Bitcoin Lightning Network, powered by the Spark protocol. Compared to the previous on-chain deposit method, which required 3 to 6 block confirmations and took approximately 10 to 60 minutes, the new solution achieves near-instantaneous deposits, lowering the deposit threshold and transaction costs. According to reports, Spark performs checks for double-spending risk, fees, and Replace-by-Fee (RBF) during transaction broadcasting, achieving "zero-confirmation" deposits. It also supports on-chain, Lightning Network, and stablecoin payment channels, eliminating the need for the platform to operate its own Lightning Network nodes. Polymarket stated that this move will further improve the efficiency of Bitcoin users' fund utilization and enhance its competitiveness against rival Kalshi.
Polymarket sued over dispute over Strategy's sale of a Bitcoin prediction market.
According to Mars Finance, on July 7th, two plaintiffs filed a lawsuit against Polymarket, accusing it of breach of contract and deceptive conduct in a prediction market related to whether Strategy would sell Bitcoin by the end of May. According to the complaint filed on July 3rd in the New York State Supreme Court, plaintiffs William Wood and Thomas Bush named Polymarket, its CEO Shayne Coplan, Chief Marketing Officer Matthew Modabber, and other related entities and individuals as defendants. The complaint alleges that the two plaintiffs held a "Yes" position in a binary prediction market that asked whether Strategy would sell any Bitcoin holdings by May 31st. According to Strategy's Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company did sell 32 Bitcoins (BTC) between May 26th and 31st. However, the plaintiffs point out that Polymarket ultimately ruled the market "No." They stated that the platform added a clarification before settlement, effectively changing the criterion from "whether the sale was completed before May 31st" to "whether the sale was publicly confirmed before May 31st." Due to this change in criteria, although Strategy had sold Bitcoin within the deadline, the prediction market was ultimately ruled "no" on June 3rd via a UMA vote (the mechanism Polymarket uses to adjudicate disputed markets).