CrowdStrike Outage Could Be Fixed Within the Day, Unlikely Caused by a Hack, Polymarket Bettors Say

Bettors are placing their money on the service being fixed by the end of Friday, with a slight possibility of it happening by mid-day.

A global IT outage caused by an update from security software provider CrowdStrike will very likely be resolved by Friday night U.S. eastern time, if not earlier, according to Polymarket bettors.

The outage, reportedly caused by an update to CrowdStrike software, has impacted banks, airlines, emergency services, and businesses around the world. In the U.S., the Federal Aviation Administration (FAA) issued ground-stop orders for most major airlines.

According to Polymarket, there is an 89% chance that this issue will be resolved by Friday night and a 70% chance it will be fixed by Friday noon.

Bettors are also unconvinced about the possibility of the outage being caused by a hack, with the market giving that a 9% chance of it being the case.

There is also an 81% chance that American Airlines will resume operations by Friday noon, according to the platform.

Meanwhile, Crowdstrike's (CRWD) stock is down over 10% in pre-market trading on the NASDAQ.

The company's CEO said in a status update posted at 5:45 PM Hong Kong Time (Friday morning U.S. time) that the issue had been identified and isolated, with a fix being rolled out soon.

Bitcoin seems relatively unaffected by the incident, as it's trading above $63,700, down 1.7% according to CoinDesk Indices data.

Meme coin traders are having fun with the episode, with a number of CrowdStrike and Windows Blue Screen of Death meme coins popping up on Solana.