Polymarket under fire as whale votes distort Zelenskyy suit outcome: what’s going on?

Key Points

1. Ukrainian President Volodymyr Zelenskyy's outfit at a NATO summit was described as a 'suit' by major media outlets, but Polymarket's oracle voters initially leaned toward 'No' due to system incentives.

2. UMA's oracle system rewards participants for aligning with the majority, creating a bias that can override verifiable events, as seen in the Zelenskyy market.

3. Despite official NATO footage and media confirmations, the market's outcome was influenced by prior market definitions and potential manipulation.

4. Traders betting 'Yes' protested after Polymarket's official account retroactively labeled itself 'community-run,' raising concerns about oracle misconduct.

5. The incident highlights broader concerns about the reliability of prediction markets and whether whale capital can distort outcomes against verifiable facts.