{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026103008",
  "record_slug": "major-crypto-exchange-insolvency-2026-polymarket-5-2026-10-30",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-10-30T11:00:00.000Z",
  "semantic_title": "Major crypto exchange insolvency in 2026 stays a long shot",
  "telemetry": "Polymarket 5%",
  "headline": "Major crypto exchange insolvency 2026: Polymarket 5%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-11-04",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-D87V37GQ54",
  "target_event_slug": "major-cex-insolvent-in-2026",
  "event_question": "Will a major centralized cryptocurrency exchange become insolvent in 2026?",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "polymarket",
    "platform_market_id": "0x8c8d8c91540aedf3f4ca4194256e9421843ef122155284129f3f5057ad5ec703",
    "question_raw": "Major CEX insolvent in 2026?",
    "current_price": 0.05,
    "volume_24h_usd": 1794.68899,
    "arbitration_model": "uma_oracle",
    "resolves_at": "2027-01-01T05:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Polymarket prices a major centralized cryptocurrency exchange insolvency in 2026 at 5%, a long shot despite the record-breaking Binance breach.",
    "The $6.3 billion Binance hack is the largest in crypto history, yet the market is not pricing it as a likely insolvency trigger, possibly reflecting Binance's scale and the $2.5 billion freeze response.",
    "A companion Polymarket contract on stablecoins reaching $500 billion in market cap sits at just 2%, suggesting the hack is creating broad sector caution.",
    "Polymarket resolves via UMA oracle; insolvency would require Binance or another major exchange to formally halt operations or enter bankruptcy proceedings."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "Muyao Shen, Vildana Hajric",
          "source_url": "https://www.bloomberg.com/news/articles/2026-10-29/binance-founder-says-possible-hack-of-exchange-bitcoin-falls",
          "retrieved_at": "2026-10-30T14:47:28+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active polymarket market"
      },
      "story": "Binance suffered a $6.3 billion hack, the largest in crypto history, with the exchange suspending deposits and withdrawals while freezing approximately $2.5 billion in assets.",
      "publisher": "Muyao Shen, Vildana Hajric",
      "published_at": "2026-10-30T11:00:00.000Z",
      "source_url": "https://www.bloomberg.com/news/articles/2026-10-29/binance-founder-says-possible-hack-of-exchange-bitcoin-falls"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Polymarket's 5% insolvency read is a long shot even after the record hack, suggesting the market views Binance's operational response as containing the worst-case scenario for now."
    }
  ],
  "sources": [
    {
      "label": "Muyao Shen, Vildana Hajric: Binance Estimates $6.3 Billion Hacked in Crypto's Biggest Heist",
      "url": "https://www.bloomberg.com/news/articles/2026-10-29/binance-founder-says-possible-hack-of-exchange-bitcoin-falls",
      "published_at": "2026-10-30T11:00:00.000Z",
      "retrieved_at": "2026-10-30T14:47:28+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "polymarket_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/major-crypto-exchange-insolvency-2026-polymarket-5-2026-10-30/",
    "json": "https://clearmarket.fyi/signals/major-crypto-exchange-insolvency-2026-polymarket-5-2026-10-30.json"
  },
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "_provenance_registry": {
    "direct": "Unaltered extraction from primary venue/source API (e.g., polymarket_clob_api, kalshi_api, BLS, FRED). Highest trust tier.",
    "mediated": "Information fetched via grounded agentic retrieval (e.g., perplexity_grounded). MUST carry source_url to the underlying primary source.",
    "derived": "Algorithmic computation from listed inputs. Chain only as fresh as the oldest input timestamp (see as_of).",
    "editorial": "Interpretive classification produced by a versioned LLM prompt template (prompts auditable in github.com/JDSource/clearmarket/prompts)."
  },
  "_provenance_canonical": "https://clearmarket.fyi/schema/provenance/v1"
}