Cryptocurrency bettors sharply increased the odds that Lucid Group Inc.
(NASDAQ:LCID) might file for bankruptcy this year, despite the company denying such rumors.
Prediction Markets Bet On Firm Failures Polygon (CRYPTO: POL)-based Polymarket currently prices at 46% odds, up 9 percentage points in a day, and 12 percentage points from last week.
The jump in possibility followed a report that the California-headquartered company is considering going private or filing for Chapter 11.
Lucid dismissed the report as "false," adding that it hasn't formed any special Board committee to explore such scenarios.
