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

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.