A Interacting with $ 7 million bets On the polymarket prediction platform has caused a disagreement between polymarket and UMA communities.
The Bet, which wondered if Ukraine would go into a mineral deal with US president Donald Trump before April, saw “yes” probability ascending from 9% to 100% between March 24 and 25, despite the unofficial agreement reached.
The polymarket depends on the UMA, an optimistic Oracle system, to determine the outcomes of its predictions.
In this system, anyone can suggest a resolution by staking a $ 750 USDC.E bond, which can be challenged. If a misunderstanding appeared, Uma token would vote to vote to improve this matter.
In this case, the stakes are resolved as “yes,” leading many users to suspect the manipulation of a “Umaha Whale” – a holder of a large number of UMA tokens capable of influencing the vote.
The Polymarket responded via its discord server, admitting the resolution was unexpected but its refusal forms a “market failure” that will be guaranteed by refunds.
It made it clear that the market was also resolved as soon as possible, as no deal between Ukraine and the US was confirmed, however it stood through the process of voting UMA to correct the outcome.
The Polymarket has since turned to its community for suggestions for preventing future issues, which promise clearer policies and upcoming updates, even though it still has detailed specific changes.
Read more: Polymarket suffers from UMA Governance Attack after the Rogue Actor became a top-5 token staker
