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Will Celsius announce bankruptcy by July 13?

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Will Celsius announce bankruptcy by July 13?

In Response to Trader Inquiry: If any subsidiary or parent of Celsius Network LLC announces bankruptcy by the resolution date, it will suffice to resolve this market to "Yes".

On Sunday, June 12, 2022, the Celsius Network (celsius.network) announced that it is suspending all withdrawals, Swaps, and transfers between accounts indefinitely "due to extreme market conditions". Celsius is one of the largest cryptocurrency platforms in the market, and is estimated to have 1.7 million customers.

You can find "A Memo to the Celsius Community" which details the extent of their actions and their reasoning here: https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6

This market will resolve to "Yes" if Celsius Lending LLC announces that it will declare bankruptcy, is declaring bankruptcy, or has declared bankruptcy of any variety by July 13, 2022, 11:59:59 PM ET. Otherwise, this market will resolve to "No".

For a positive resolution to this market to occur, Celsius need only announce that they will declare bankruptcy, are declaring bankruptcy, or have declared bankruptcy by the resolution date, regardless of whether bankruptcy is actually declared at any time.

An "announcement by Celsius" must be made through any of their official or verified channels (https://celsius.network/, https://twitter.com/celsiusnetwork, https://blog.celsius.network/, https://www.instagram.com/celsiusnetwork/, etc.), as a recorded or written statement by their CEO, legal representation, or other individual or team which officially represents Celsius Lending LLC. A consensus of credible reporting may also be used to determine whether Celsius has issued such an announcement.
Volume
$245,505
End Date
Jul 13, 2022
Market Opened
Jun 12, 2022, 8:00 PM ET
In Response to Trader Inquiry: If any subsidiary or parent of Celsius Network LLC announces bankruptcy by the resolution date, it will suffice to resolve this market to "Yes". On Sunday, June 12, 2022, the Celsius Network (celsius.network) announced that it is suspending all withdrawals, Swaps, and transfers between accounts indefinitely "due to extreme market conditions". Celsius is one of the largest cryptocurrency platforms in the market, and is estimated to have 1.7 million customers. You can find "A Memo to the Celsius Community" which details the extent of their actions and their reasoning here: https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6 This market will resolve to "Yes" if Celsius Lending LLC announces that it will declare bankruptcy, is declaring bankruptcy, or has declared bankruptcy of any variety by July 13, 2022, 11:59:59 PM ET. Otherwise, this market will resolve to "No". For a positive resolution to this market to occur, Celsius need only announce that they will declare bankruptcy, are declaring bankruptcy, or have declared bankruptcy by the resolution date, regardless of whether bankruptcy is actually declared at any time. An "announcement by Celsius" must be made through any of their official or verified channels (https://celsius.network/, https://twitter.com/celsiusnetwork, https://blog.celsius.network/, https://www.instagram.com/celsiusnetwork/, etc.), as a recorded or written statement by their CEO, legal representation, or other individual or team which officially represents Celsius Lending LLC. A consensus of credible reporting may also be used to determine whether Celsius has issued such an announcement.

Outcome proposed: Yes

No dispute

Final outcome: Yes

In Response to Trader Inquiry: If any subsidiary or parent of Celsius Network LLC announces bankruptcy by the resolution date, it will suffice to resolve this market to "Yes".

On Sunday, June 12, 2022, the Celsius Network (celsius.network) announced that it is suspending all withdrawals, Swaps, and transfers between accounts indefinitely "due to extreme market conditions". Celsius is one of the largest cryptocurrency platforms in the market, and is estimated to have 1.7 million customers.

You can find "A Memo to the Celsius Community" which details the extent of their actions and their reasoning here: https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6

This market will resolve to "Yes" if Celsius Lending LLC announces that it will declare bankruptcy, is declaring bankruptcy, or has declared bankruptcy of any variety by July 13, 2022, 11:59:59 PM ET. Otherwise, this market will resolve to "No".

For a positive resolution to this market to occur, Celsius need only announce that they will declare bankruptcy, are declaring bankruptcy, or have declared bankruptcy by the resolution date, regardless of whether bankruptcy is actually declared at any time.

An "announcement by Celsius" must be made through any of their official or verified channels (https://celsius.network/, https://twitter.com/celsiusnetwork, https://blog.celsius.network/, https://www.instagram.com/celsiusnetwork/, etc.), as a recorded or written statement by their CEO, legal representation, or other individual or team which officially represents Celsius Lending LLC. A consensus of credible reporting may also be used to determine whether Celsius has issued such an announcement.
Volume
$245,505
End Date
Jul 13, 2022
Market Opened
Jun 12, 2022, 8:00 PM ET
In Response to Trader Inquiry: If any subsidiary or parent of Celsius Network LLC announces bankruptcy by the resolution date, it will suffice to resolve this market to "Yes". On Sunday, June 12, 2022, the Celsius Network (celsius.network) announced that it is suspending all withdrawals, Swaps, and transfers between accounts indefinitely "due to extreme market conditions". Celsius is one of the largest cryptocurrency platforms in the market, and is estimated to have 1.7 million customers. You can find "A Memo to the Celsius Community" which details the extent of their actions and their reasoning here: https://blog.celsius.network/a-memo-to-the-celsius-community-59532a06ecc6 This market will resolve to "Yes" if Celsius Lending LLC announces that it will declare bankruptcy, is declaring bankruptcy, or has declared bankruptcy of any variety by July 13, 2022, 11:59:59 PM ET. Otherwise, this market will resolve to "No". For a positive resolution to this market to occur, Celsius need only announce that they will declare bankruptcy, are declaring bankruptcy, or have declared bankruptcy by the resolution date, regardless of whether bankruptcy is actually declared at any time. An "announcement by Celsius" must be made through any of their official or verified channels (https://celsius.network/, https://twitter.com/celsiusnetwork, https://blog.celsius.network/, https://www.instagram.com/celsiusnetwork/, etc.), as a recorded or written statement by their CEO, legal representation, or other individual or team which officially represents Celsius Lending LLC. A consensus of credible reporting may also be used to determine whether Celsius has issued such an announcement.

Outcome proposed: Yes

No dispute

Final outcome: Yes

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Frequently Asked Questions

"Will Celsius announce bankruptcy by July 13?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 100% for "Yes." For example, if "Yes" is priced at 100¢, the market collectively assigns a 100% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Will Celsius announce bankruptcy by July 13?" has generated $245.5K in total trading volume since the market launched on Jun 13, 2022. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Will Celsius announce bankruptcy by July 13?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Will Celsius announce bankruptcy by July 13?" is 100% for "Yes." This means the Polymarket crowd currently believes there is a 100% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Will Celsius announce bankruptcy by July 13?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.