The results of the Polymarket bet on ETF execution sparked controversy, with the losing party arguing that the 19b-4 document alone does not represent the approval of the

BlockBeats news, on May 24, Cointelegraph reported that after the SEC announced the approval of 19b-4 applications for multiple spot Ethereum ETFs this morning, the bet on whether the spot Ethereum ETF will be approved before May 31 was executed with a YES result on the prediction market Polymarket, but the result has caused controversy in the community.

Participating users who support the NO result believe that this execution result is not rigorous. The approval of the ETF requires the joint approval of the 19b-4 and S-1 documents. The S-1 result is not determined, so it should not close with YES.

It is worth mentioning that the prize pool of this bet on Polymarket is as high as 13 million US dollars.