Polymarket, a leading decentralized prediction market, is facing criticism following an outcome from a high-stakes bet related to US President Donald Trump and a rare earth mineral deal with Ukraine. The market concluded that Trump would accept the deal before April, despite no such agreement occurring. This decision was influenced by a whale who reportedly cast 5 million tokens across multiple accounts, comprising 25% of the total votes, which raised allegations of governance manipulation. Some users argue the outcome was due to negligence rather than a coordinated attack. Polymarket moderators noted that no refunds would be issued, citing that the market's resolution did not constitute a failure. The platform is committed to improving its monitoring systems to prevent similar incidents in the future, amid increasing scrutiny of governance processes within prediction markets.

Source 🔗