A disputed $ 7 million efforts on the prediction platform The Polymarket has given rise to disagreement between the polyming field and the UMA communities.
Seen, wondering whether Ukraine would accept a mineral agreement with US President Donald Trump before April, his “yes” probability increase from 9% to 100% between March 24 and 25, despite reaching no official deal.
The polymarket is dependent on UMA, an optimistic Oracle system, to determine the results of its prediction markets.
In this system, anyone can suggest a resolution by setting a bond of $ 750 usdc.e, which can then be challenged. If a dispute arises, Uma -token holders will vote to settle the case.
In this case, the bet decided as “yes”, which led to many users suspecting manipulation of an “uma whale” -a proprietor of a large number of uma -tokens capable of influencing the vote.
The polyme field reacted through its discord server and admitted that the resolution was unexpected, but to deny that it constituted a “market failure” that would justify reimbursement.
It clarified that the market was resolved prematurely, as no agreement between Ukraine and the United States has been confirmed, but still it was at the UMA reconciliation process to correct the result.
The Polymarket has since approached its society for suggestions for the prevention of future issues, promising clearer rules and upcoming updates, although it has not yet detailed specific changes.
Read more: Polymarket suffers from Uma Governance Attack after Rogue actor becomes top-5 token stakes
