Ember's prediction market fund raised $1.3 million, and then staked $1 million on a single political bet on Polymarket.All In /> Is it possible to go all in betting on whether Trump will nominate someone as Fed chairman? 🙈 Using other people's money to gamble. Last year, @thecryptoskanda analyzed Ember as high-risk, low-return. Once your BTC is deposited, the project team can use it at will; the contract has no control over where the money goes, and withdrawals take a long time because the whereabouts of the funds are unknown. There's a pattern in crypto: retail investors are always the last to know—and this isn't the first time, nor will it be the last.

Sigh, it turned out they were all people I knew, so I couldn't say much. Just be careful and take the risks.