Morningstar Ventures has clarified its role as a non-lead investor in the prediction market project Space, emphasizing the need for transparency and community prioritization. The Space team has committed to refunding at least 50% of the funds raised during its public sale, with a claim page set to open on January 27. All public sale participants will have the option to apply for partial refunds. Morningstar Ventures has called for the refund process to be executed transparently and promptly, requesting detailed disclosures on fund usage, current balances, and the project's future roadmap. The firm reiterated its limited involvement, stating it did not participate in the public sale's structure or decision-making. Discussions with the Space team and other investors are ongoing to maximize refunds based on available funds and commitments. The Space team also plans to release the first public version of its product next week for community and investor review.
Morningstar Ventures Urges Space Project to Refund 50% of Public Sale Funds
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