Overview

• The binary market on whether President Volodymyr Zelenskyy would wear a suit before July has drawn more than $160 million in crypto wagers since opening May 22.
• Polymarket initially settled the question as “yes” after media reported Zelenskyy in a tailored jacket at the June 24 NATO summit.
• UMA token holders, who arbitrate disputed markets with staked tokens, have delayed the final ruling until 00:00 UTC on July 8, facing accusations that whales are skewing the vote.
• Users and observers claim large UMA holders placed side bets to influence the outcome, highlighting manipulation risks in the oracle process.
• The ongoing dispute exposes broader challenges in scaling decentralized governance and UMA’s DVM oracle for high-stakes prediction markets.