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Market News

Polymarket Bets If CrowdStrike Outage Was Caused by Hack

Written By:
Rajpalsinh

Reviewed By:
Dhara Chavda

Last updated: July 19, 2024 6:39 PM
Published July 19, 2024 6:33 PM
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Last updated: July 19, 2024 6:39 PM
Published July 19, 2024 6:33 PM
Polymarket Bets If CrowdStrike Outage Was Caused by Hack

Polymarket, a decentralized prediction market platform, has seen users placing bets and making predictions regarding the ongoing CrowdStrike outage, which is disrupting IT-related services worldwide, affecting millions of users.

Source: Polymarket

Among the various betting and prediction polls, the trending one titled “CrowdStrike caused by a hack?” has attracted bets worth $29,000 as of the time of writing. Only 4% of bettors are in favor of this bet.

In another poll, a user has posted a bet related to the expected time to resolve the issue associated with CrowdStrike. The prediction, “CrowdStrike outage fixed by Friday night?” has $32,242 staked on it. This betting has 73% of bettors in favor of saying that the issue will be resolved by Friday Night.

The Microsoft outage linked to CrowdStrike has disrupted numerous businesses and services, including airlines, the stock market, the IT sector, banking, and more.

CrowdStrike’s stock is down over 10% in pre-market trading on the NASDAQ. CrowdStrike’s CEO announced at 5:45 PM Hong Kong Time (Friday morning U.S. time) that the issue had been identified and isolated, with a fix being rolled out soon.

Also Read: CrowdStrike Token Gain $1M MarketCap Amid Global IT Outage

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Rajpalsinh
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Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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