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How Zelensky’s ‘suit’ became the center of a massive Polymarket fight

2025-07-04 06:42:10

Main Idea

A betting market on Polymarket sparked a debate over whether Ukrainian President Volodymyr Zelenskyy's outfit at a NATO meeting qualified as a suit, leading to millions staked and disputes over the definition of a suit.

Key Points

1. A Polymarket user created a betting market asking whether Zelenskyy would wear a suit before July, with nearly $79 million in volume.

2. Polymarket initially ruled that Zelenskyy's outfit was not a suit, citing lack of credible reporting confirming it as such.

3. Debate arose over whether Zelenskyy's ensemble, which included trainers, qualified as a suit, with conflicting opinions from fashion experts and AI.

4. Polymarket Intel classified Zelenskyy's outfit as a suit, while Derek Guy, a men's fashion commentator, called it 'both a suit and not a suit.'

5. Polymarket uses UMA Protocol’s blockchain oracles to settle market outcomes, which has faced allegations of misconduct in past bets.

Description

Crypto bettors have staked millions on whether the outfit technically counts as a suit, while a renowned fashion industry commentator hasn’t helped, calling it “both a suit and not a suit.”

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