Library/Polymarket Settles Bet Against Its Own Rules
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Polymarket Settles Bet Against Its Own Rules

Frank Muci·August 8, 2024·Substack
polymarket’s own oracle broke the rules to settle a bet its voters had placed

Why It's Worth Reading

Case study of Polymarket's Venezuelan election market, where UMA token-holders overrode the platform's own resolution rules to declare opposition candidate Gonzalez the winner despite official results. Highlights conflicts of interest when oracle voters can also bet on outcomes.

No technical background needed

Concepts

Platforms mentioned: Polymarket

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