Crypto startup P2P.me, backed by Coinbase Ventures and Multicoin Capital, has apologized for using Polymarket to speculate on its own fundraising round using the prediction market. The company, which bills itself as a non-custodial service for converting stablecoins to cash, notched less than $15,000 in profits on the move. However, it acknowledged that a small profit could have significant consequences. The wagers were made 10 days before the public fundraising campaign went live. The move raises concerns about potential misuse of prediction markets by insiders who have access to confidential information. The firm's biggest backers, including MetaDAO co-founder Prohp3t, criticized the behavior, calling it a "guerrilla marketing stunt gone too far".