CrowdStrike’s global IT outage is expected to be resolved by Friday evening ET, CoinDesk reported. Polymarket bettors give an 89% chance that the problem will be resolved by Friday evening and a 70% chance that it will be resolved by noon Friday.
The outage, caused by an update from security software provider CrowdStrike, affected banks, airlines, emergency services and businesses around the world. The Federal Aviation Administration has issued a grounding order for most major airlines.
Polymarket bettors gave just a 9% chance that the outage was caused by a hacker attack. Additionally, there was an 81% chance that American Airlines would be back in action by noon Friday.
CrowdStrike's shares fell more than 10% in pre-market trading on the Nasdaq. The company's CEO said the problem has been identified and isolated, and a fix is coming soon.
Bitcoin was less affected by the incident, trading above $63,700, down 1.7%. Multiple CrowdStrike and Windows Blue Screen of Death meme coins appeared on Solana.