diff --git a/entities/internet-finance/multicoin-capital.md b/entities/internet-finance/multicoin-capital.md
new file mode 100644
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@@ -0,0 +1,19 @@
+---
+type: entity
+entity_type: company
+name: Multicoin Capital
+domain: internet-finance
+status: active
+---
+
+# Multicoin Capital
+
+Multicoin Capital is a venture capital firm focused on cryptocurrency and blockchain investments.
+
+## Timeline
+
+- **2026-03-17** — Made oral $3M commitment to P2P.me (not yet signed) that became material non-public information used in insider trading incident
+
+## Overview
+
+Multicoin Capital's oral commitment to P2P.me became central to the insider trading controversy, as legal observers argued such commitments could constitute material non-public information even without signed documents.
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diff --git a/entities/internet-finance/p2p-me.md b/entities/internet-finance/p2p-me.md
index b7388df07..ae14c34b9 100644
--- a/entities/internet-finance/p2p-me.md
+++ b/entities/internet-finance/p2p-me.md
@@ -4,22 +4,25 @@ entity_type: company
 name: P2P.me
 domain: internet-finance
 status: active
-founded: ~2025
+founded: 2025
 ---
 
 # P2P.me
 
-P2P-to-crypto platform enabling decentralized fiat on-ramps with privacy features.
-
-## Overview
-
-P2P.me is a peer-to-peer platform for fiat-to-crypto swaps that operates with an inbuilt bridge to Solana and other chains. The platform had existing volume and users before token launch.
-
-## Token Launch
-
-The project is conducting a token generation event (TGE) for $P2P token in March 2026 through MetaDAO's ICO infrastructure. The launch has generated controversy around the necessity of a governance token for a P2P platform that already functions without one.
+P2P.me is a project that raised capital through MetaDAO's futarchy-governed ICO platform.
 
 ## Timeline
 
-- **2026-03-26** — Announced ICO launch on MetaDAO with $6M minimum fundraising target
-- **2026-03** — Token generation event (TGE) for $P2P token scheduled
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+- **2026-03-17** — P2P.me team placed ~$20,000 Polymarket bet on their own ICO fundraising outcome, 10 days before public launch, while holding oral $3M commitment from Multicoin Capital
+- **2026-03-27** — P2P.me disclosed insider trading, apologized, and announced trading proceeds would go to MetaDAO Treasury; adopted formal policy prohibiting future prediction market trading on own project outcomes
+- **2026-03-30** — MetaDAO extended P2P.me ICO with refund window for investors (first extension)
+- **2026-03-31** — MetaDAO extended P2P.me ICO again (second extension)
+- **2026-04-05** — MetaDAO governance voted to pass buyback proposal for P2P.me despite insider trading disclosure; ICO raised approximately $500K versus $6M target
+
+## Overview
+
+The P2P.me case became a test of futarchy's self-policing capacity when the team's insider trading on Polymarket was disclosed. While MetaDAO governance passed the buyback proposal (not punishing the team at the mechanism level), market participants effectively killed the fundraise by withholding capital—demonstrating market punishment at the participant level even when governance punishment didn't materialize.
+
+Legal observers noted the $3M oral VC commitment could constitute "material non-public information" even absent signed documents. P2P.me disputed this, arguing unsigned commitments made the outcome genuinely uncertain.
+
+From Pine Analytics: The case involved below-NAV token creation and risk-free arbitrage for liquidation proposers, allowing the buyback to pass even with knowledge of the insider trading.
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