A controversial commitment of $ 7 million on the Polymarket prediction platform has caused a disagreement between the Polymarket and the UMA communities.
The bet, which speculated on whether Ukraine would agree with a mineral agreement with the president of the United States, Donald Trump, before April, saw his probability of “yes” from 9% to 100% between March 24 and 25, although no official agreement was reached.
Polymarket is based on UMA, an optimistic Oracle system, to determine the results of its prediction markets.
In this system, anyone can propose a resolution when reaching a $ 750 USDC.E bonus, which can then be challenged. If a dispute arises, UMA tokens headlines vote to solve the matter.
In this case, the bet was resolved as “yes”, which led many users to suspect manipulation by a “Uma whale”, a holder of a large number of UMA tokens capable of influencing the vote.
Polymket responded through his discord server, admitting that the resolution was unexpected, but denying that it constituted a “market failure” that would guarantee reimbursements.
He clarified that the market was resolved too soon, since no treatment between Ukraine and the United States has been confirmed, but the UMA voting process remained to correct the result.
Since then, Polymket has resorted to his community for suggestions on the prevention of future problems, promising clearer rules and the next updates, although he has not yet detailed specific changes.
Read more: Polymeket suffers an UMA governance attack after the dishonest actor becomes a top-top-top token
