Can whales afford to lose? Is Polymarket subject to manipulated outcomes? @Polymarket
Polymarket has a prediction market for "Will Ukrainian President @ZelenskyyUa (Zelensky) wear a suit before July?" with a displayed probability of 19%.
@GrindingPoet claims that it's all whales manipulating the market! Despite evidence showing that Zelensky has already worn a suit, the prediction market data on @Polymarket still shows as "unresolved," indicating that whales are causing trouble 🤔
♦️ Ambiguity: The issue of @Polymarket's definition of "wearing a suit." Generally, a "suit" is defined as a suit jacket + suit pants, but some users might think that only a regular jacket counts as a suit. When the question is cognitively ambiguous, the answers will also be imprecise.
In addition to the ambiguity issue, there have also been reports of whales manipulating the market on Polymarket previously 😱
But despite various storms and doubts, it still can't change @VitalikButerin's preference for him!
In just one year, @Polymarket has been mentioned nine times and has completed a $200 million funding round 🔥
For more detailed information, you can check the previous tweets 👇
. @VitalikButerin loves it! Polymarket, mentioned nine times in a year, has completed a $200 million funding round.
@Polymarket, as the leading project in the prediction market, has recently completed a $200 million funding round, with a valuation of $1 billion. This is significantly cheaper compared to the rumored funding valuations of $4 billion and $7 billion for @pumpdotfun.
Polymarket has also had many classic prediction cases in the past, including:
👑 The highly anticipated 2024 U.S. presidential election
🤖 @Sama's return to OpenAI
🚧 Israel's military actions against Iran, etc.
Currently, many mainstream media outlets consider the odds on Polymarket as an important reference.
As Vitalik said: Polymarket is information finance, continuously growing with the changes in the world.
So what is a prediction market? What is the operating mechanism of a prediction market? 👇🧵
📘 Further Reading: More Accurate than Media and Analysts! How to Trade Coins and Arbitrage Opportunities with Polymarket
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