Polymarket users debate if Ukrainian President Zelenskyy wore a suit, leading to disputes

A betting market on Polymarket with nearly $79 million in volume hinges on whether Ukrainian President Zelenskyy wore a suit before July. Disputes arose over his outfit’s classification, with some claiming it’s a suit while others argue it lacks key elements. Polymarket’s controversial history includes disputes over outcomes and the reliability of its blockchain oracles.

Canadian fashion commentator Derek Guy added to the debate by stating Zelenskyy’s outfit is both a suit and not a suit. This isn’t the first time Polymarket has dealt with Zelenskyy’s attire, with a previous market closing on May 31 over a similar-looking outfit. Zelenskyy has explained his preference for a more casual military-style outfit due to the ongoing war.

The controversy surrounding Polymarket extends to the reliability of UMA Protocol’s blockchain oracles for settling market outcomes. Allegations of manipulation and disputes over outcomes have plagued the platform, raising questions about the trustworthiness of prediction markets. Truf.Network argues that verification of truth in such markets is crucial to maintain integrity and prevent manipulation.

Read more at Cointelegraph: Polymarket Users Debate Ukrainian President Zelenskyy’s Outfit