Source: New York Post
Nine anonymous cryptocurrency wallets reportedly hold massive sway over who wins and loses some of Polymarket’s most contested prediction market bets – drawing blowback from a growing number of unhappy traders. Polymarket’s third-party resolution mechanism over the past year has adjudicated nearly 2,000 financial contracts, including bets on war, elections and geopolitical conflict, according to a Bloomberg News analysis of blockchain records and past votes. When the outcome of a Polymarket financial contract is challenged, the dispute goes to a vote among holders of UMA, an independent cryptocurrency.
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