Polymarket faces backlash after resolving a $13.2 million bet on the approval of an Ethereum ETF to “Yes,” following SEC approval of 19b-4 filings for multiple Ether ETFs. Disgruntled bettors argue that full approval requires both a 19b-4 filing and Form S-1, which could take months. Prominent critics, like “RevengeTour19B4,” cite industry experts who assert ETFs need both approvals to be considered fully sanctioned. The dispute highlights the ambiguous definition of “approved” in the bet, leaving some bettors feeling misled. Neither Risk Labs nor Adventure One QSS Inc., Polymarket’s developers, have commented on the controversy.