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$1M lost in prediction market

There are many prediction markets now. Some popular ones are Predictit, FTX, Polymarket, and Augur. The latter three are crypto based; FTX being centralized while the other two are decentralized.

Some crypto projects (unrelated to prediction markets) have been hacked, causing users to lose money. Some other crypto projects have led to exit scams with the same effect.

Will any prediction market cause users to lose at least $1M before 2023?

This resolves positively if any prediction market causes more than $1 million in losses to users before 2023. This includes if the cause is hacking, an exit scam by the operators, a glitch causing funds to be lost, or an unambiguously incorrect resolution on some questions. For example, if a prediction market would pay out today that Trump won the 2020 election, that would count. Losses from predictions being resolved correctly do not count. Losses from coins losing value in exchange rate do not count unless the prediction platform in question was primarily used with a stablecoin tied to a major fiat currency, and that stablecoin ended up hacked/locked/significantly lower value/etc.

The $1 million can be from multiple different events, as long as it's on a single platform or site.

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Metaculus help: Predicting

Predictions are the heart of Metaculus. Predicting is how you contribute to the wisdom of the crowd, and how you earn points and build up your personal Metaculus track record.

The basics of predicting are very simple: move the slider to best match the likelihood of the outcome, and click predict. You can predict as often as you want, and you're encouraged to change your mind when new information becomes available.

The displayed score is split into current points and total points. Current points show how much your prediction is worth now, whereas total points show the combined worth of all of your predictions over the lifetime of the question. The scoring details are available on the FAQ.

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

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Metaculus help: Community Stats

Use the community stats to get a better sense of the community consensus (or lack thereof) for this question. Sometimes people have wildly different ideas about the likely outcomes, and sometimes people are in close agreement. There are even times when the community seems very certain of uncertainty, like when everyone agrees that event is only 50% likely to happen.

When you make a prediction, check the community stats to see where you land. If your prediction is an outlier, might there be something you're overlooking that others have seen? Or do you have special insight that others are lacking? Either way, it might be a good idea to join the discussion in the comments.