Polymarket’s $237M Zelenskyy Attire Bet Resolves to ’No’ Amid Oracle Controversy
A contentious $237 million prediction market on Polymarket regarding Ukrainian President Volodymyr Zelenskyy's suit-wearing has concluded with a 'No' resolution, contradicting visual evidence and media reports. The decision, upheld by UMA's decentralized oracle on July 1, cited insufficient "credible reporting consensus," sparking accusations of governance flaws and manipulation via token-weighted voting.
The market—one of Polymarket's most active this year—saw its initial 'Yes' outcome overturned after a challenge, fueling debates over decentralized dispute resolution standards. Critics argue the protocol's reliance on token-holder voting creates systemic vulnerabilities, while proposed reforms were dismissed despite community backlash.