Nine Crypto Whales Dominate Polymarket Disputes Worth Billions

On Polymarket, a cryptocurrency betting platform, nine crypto whales reportedly control the outcomes of disputes worth billions, as the platform's rules allow UMA token holders to vote on challenged bets.

29 May, 01:04 — 29 May, 01:04

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japan-timesMostly Factual92d ago

Nine crypto whales dominate Polymarket disputes worth billions

Under Polymarket's rules, whenever the outcome of a bet faces an official challenge, the dispute goes to a vote among holders of UMA, an independent cryptocurrency.

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Nine Crypto Whales Dominate Polymarket Disputes Worth Billions

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Nine crypto whales dominate Polymarket disputes worth billions

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