Polymarket said the UMA’s 'No' answer to the market betting on if Barron was involved in the DJT token was 'wrong.'
Decentralized prediction market platform Polymarket said the resolution for the betting market on the DJT token from its oracle service UMA was “wrong” and that Polymarket is working on a “near-term solution” to be announced today.
“This market will resolve to ‘Yes’ if a preponderance of evidence suggests that Barron Trump was involved in the creation of the Solana token $DJT. Otherwise this market will solve to ‘No,’” the Polymarket rules stated. Bettors had placed over $1 million on the market, according to the Polymarket page. UMA’ s optimistic oracle operates to record verifiable truth or data for smart contracts. It’s used for dispute resolution with decisions voted upon by token holders.
Blockchain analytics platform Arkham even awarded a $150,000 bounty to ZachXBT, who first revealed that Shkreli was behind the DJT token.
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