Only 19% of gamblers betting on spot Ether ETF approvals are putting their money on a positive outcome for ETH ETF applicants before May ends.
Crypto gamblers are placing bets on whether a spot Ether (ETH) exchange-traded fund (ETF) will be approved by the United States Securities and Exchange Commission (SEC) before May 31.
Polygon-based crypto gambling site Polymarket shows that traders have placed “Yes” or “No” bets on whether a spot Ether ETF application will be approved before May ends.
Over $2.4 million worth of bets have been placed, with about 81% pessimistic about the chances of a spot Ether ETF approval before the end of May.