Polymarket can’t decide whether Zelenskyy wore a suit

Polymarket is struggling to resolve the outcome of a betting market that attracted millions of dollars in wagers (with over $210 million in total trading volume). The question at stake: “Will Zelenskyy wear a suit before July?”

On July 1, the outcome was first proposed as "Yes" - and then disputed. A "No" outcome was submitted next - and also disputed. Now, it’s up to a vote among UMA token holders to decide the final result.

Why the controversy? On June 24, at the NATO summit, President of Ukraine appeared in an outfit that had many elements of a suit - but didn’t quite fit the classic definition. I personally think he wore it on purpose, fully aware of the hype around the market. He is, after all, a former comedian :)

If you place a bet with a traditional bookmaker, the terms are spelled out clearly in the contract, and if things go sideways, you can take it to court. Evidence is considered. Logic has a place.

But here, things work differently:

• You can’t prove anything through reasoned argument,
• The outcome is whatever seems most correct to a majority of anonymous UMA token holders - many of whom received their tokens through an airdrop and have nothing to lose.

This is how the UMA oracle already confirmed a “truce” between Iran and Israel - even while rockets were still being fired, based solely on a quote from Donald Trump. It also validated a “massive cyberattack on Iran” - even though no nationwide infrastructure was disrupted, which was a required condition in the contract.

In short: UMA tokens give you power over the truth.
And if you're interested - they're available for swap at rabbit.io.