From Cointelegraph

March 26, 2025 8:00 AM:

Polymarket, the largest decentralized prediction market, faced backlash for settling a political bet on Trump-Ukraine deal despite no event occurring. A whale may have manipulated the outcome, leading to $7 million in trading volume. Polymarket won’t issue refunds but plans to prevent future incidents with new monitoring systems.

Prediction markets surged 565% in Q3 2024, driven by US election bets. Volume reached $3.1 billion across top three markets, up from $463.3 million in Q2. Polymarket dominated with over 99% market share. Despite controversy, the platform continues to attract users and bets.

Read more at Cointelegraph: Polymarket faces scrutiny over $7M Ukraine mineral deal bet