According to CoinDesk, a significant global IT outage caused by an update from security software provider CrowdStrike is expected to be resolved by Friday night U.S. Eastern Time, if not earlier. Polymarket bettors are optimistic, with an 89% chance that the issue will be fixed by Friday night and a 70% chance it will be resolved by Friday noon.

CrowdStrike, which protects computers and networks from cyberattacks, has impacted banks, airlines, emergency services, and businesses worldwide. The Federal Aviation Administration has issued ground-stop orders for most major airlines due to the outage. Despite the widespread disruption, bettors are largely unconvinced that the outage was caused by a hack, with only a 9% chance attributed to this possibility. Additionally, there is an 81% chance that American Airlines will resume operations by Friday noon.

CrowdStrike's stock has dropped over 10% in pre-market trading on the NASDAQ. The company's CEO, George Kurtz, stated in an 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. Kurtz emphasized that this is not a security incident or cyberattack, and the defect was found in a single content update for Windows hosts, with Mac and Linux hosts unaffected.

Bitcoin appears relatively unaffected by the incident, trading above $63,700, down 1.7% according to CoinDesk Indices data. Meanwhile, meme coin traders are capitalizing on the situation, with several CrowdStrike and Windows Blue Screen of Death meme coins emerging on Solana.