Zelenskyy Suit Controversy Ends in “No” on Polymarket, Traders Cry Foul
2025-07-09 07:42:03
Main Idea
Polymarket's prediction market ruled 'No' on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July, sparking controversy and backlash among traders.
Key Points
1. Polymarket's ruling on Zelenskyy's suit-wearing sparked backlash, marking the second suit-related controversy involving him on the platform.
2. Zelenskyy was reported to have worn a suit-like outfit at a NATO event, but the market's oracle ultimately resolved the bet as 'No' after a challenge.
3. The controversy drew reactions from figures like Martin Shkreli and spilled over to rival platforms, with traders speculating on the outcome.
4. Polymarket, despite regulatory challenges, has seen significant growth, including a $200M funding round and partnerships like the one with Elon Musk's X.
5. The platform's user base and trading volume have surged, with over 21,000 open markets and $700M in active trading volume.
Description
Polymarket’s closely watched prediction market on whether Ukrainian President Volodymyr Zelenskyy would appear in a suit before July has ended in controversy, closing with a final resolution of “No” despite widespread media coverage suggesting otherwise. Key Takeaways: Polymarket ruled “No” on whether Zelenskyy wore a suit, sparking backlash. Traders criticized the decision despite media and photo evidence suggesting he did. This marks the second suit-related controversy involving Zelenskyy on P...
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