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Volodymyr Zelensky’s Clothing Has Sparked a Polymarket Rebellion
Crypto gamblers are crying foul as they stand to lose millions of dollars in a bet over whether Ukraine's president would wear a suit.
The cofounder of UMA, Hart Lumbur, says the organization is planning to make adjustments to the dispute resolution process in light of the Zelensky suit controversy, but rejects the allegation that the vote has been manipulated in any way. All of this heat arrives at a critical moment for Polymarket, which is in the middle of an aggressive fundraising round led by Peter Thiel's Founders Fund; according to Reuters, the prediction market will be valued at $1 billion. Kate Knibbs is a senior writer at WIRED, covering the human side of the generative AI boom and how new tech shapes the arts, entertainment, and media industries.
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