Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Zelenskyy Suit Controversy Ends in “No” on Polymarket, Traders Cry Foul

by
July 9, 2025
in Crypto News
0
Zelenskyy Suit Controversy Ends in “No” on Polymarket, Traders Cry Foul
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Polymarket’s closely watched prediction market on whether Ukrainian President Volodymyr Zelenskyy would appear in a suit before July has ended in controversy, closing with a final resolution of “No” despite widespread media coverage suggesting otherwise.

Key Takeaways:

Polymarket ruled “No” on whether Zelenskyy wore a suit, sparking backlash. Traders criticized the decision despite media and photo evidence suggesting he did. This marks the second suit-related controversy involving Zelenskyy on Polymarket.

The market, which drew over $237 million in trading volume, became one of the platform’s most active this year.

It asked whether Zelenskyy would be “photographed or videotaped wearing a suit” between March 22 and June 30.

Zelenskyy Sparks Buzz by Ditching Signature Military Look at NATO Event

Zelenskyy was widely reported to have worn what many described as a suit during a June 24 NATO event in the Netherlands.

However, the decentralized oracle operated by UMA ruled the evidence insufficient, citing a lack of “consensus of credible reporting.”

Initially resolved as “Yes,” the contract outcome was reversed after a challenge, with a second review ultimately locking in the “No” result on Tuesday evening.

The ruling sparked backlash from traders and commentators, some accusing the protocol of inconsistency and poor governance.

Critics pointed to multiple press reports and visual footage that clearly showed Zelenskyy in a black jacket, collared shirt, and matching trousers—an ensemble many argued met the criteria.

Others noted that a similar outfit worn by Zelenskyy in a previous market had also been ruled as not qualifying as a suit, suggesting the rejection was in line with precedent.

Still, the reaction was heated. Martin Shkreli, a polarizing figure in the crypto space, livestreamed his frustration on July 1, labeling the resolution process a “scam” and threatening to raise the issue with Polymarket’s backers.

The controversy spilled into rival platforms, with traders on Myriad Markets launching bets on how Polymarket’s oracle would rule.

Prominent menswear commentator Derek Guy added fuel to the fire, quipping on June 26 that the outfit was “both a suit and not a suit.”

This is not the first time Zelenskyy’s wardrobe has triggered a betting uproar on Polymarket.

A similar dispute erupted in May over whether his outfit during a German meeting counted as a suit.

That market ultimately ruled “no,” despite Derek Guy asserting the matching cloth made it technically a suit.

Polymarket Nears Unicorn Status With $200M Raise

As reported, Polymarket is close to securing a $200 million funding round led by Peter Thiel’s Founders Fund, valuing the crypto-based prediction platform at $1 billion.

Despite being banned in the U.S. and raided by the FBI last year, Polymarket’s user base and market activity have surged, with over 21,000 open markets and $700 million in active trading volume.

The platform recently partnered with Elon Musk’s X to integrate prediction markets with Grok, X’s AI chatbot, boosting its visibility amid ongoing regulatory hurdles.

Polymarket has seen explosive growth since the 2024 U.S. election, hitting a $2.5 billion trading peak in November, but it remains restricted in several countries and faces criticism over potential market manipulation.

The post Zelenskyy Suit Controversy Ends in “No” on Polymarket, Traders Cry Foul appeared first on Cryptonews.

Previous Post

Coinbase Drops $5 Million Bug Bounty on Cantina for Base and Smart Contract Security

Next Post

New Zealand Bans Crypto ATMs, Sets $5K Cap on Transfers in Major AML Crackdown

Next Post
New Zealand Bans Crypto ATMs, Sets $5K Cap on Transfers in Major AML Crackdown

New Zealand Bans Crypto ATMs, Sets $5K Cap on Transfers in Major AML Crackdown

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

June 26, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

June 25, 2025
Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

July 9, 2025
Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

July 9, 2025
Crypto Market Recap: Trump Media Files “Crypto Blue Chip ETF”

Crypto Market Recap: Trump Media Files “Crypto Blue Chip ETF”

July 9, 2025
Homerun Resources Inc. Announces Receipt of a Competitive Budgetary Offer for Latin America’s First Dedicated Solar Glass Manufacturing Facility

Homerun Resources Inc. Announces Receipt of a Competitive Budgetary Offer for Latin America’s First Dedicated Solar Glass Manufacturing Facility

July 9, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

    Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play

    July 9, 2025
    Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

    Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

    July 9, 2025
    Crypto Market Recap: Trump Media Files “Crypto Blue Chip ETF”

    Crypto Market Recap: Trump Media Files “Crypto Blue Chip ETF”

    July 9, 2025
    Homerun Resources Inc. Announces Receipt of a Competitive Budgetary Offer for Latin America’s First Dedicated Solar Glass Manufacturing Facility

    Homerun Resources Inc. Announces Receipt of a Competitive Budgetary Offer for Latin America’s First Dedicated Solar Glass Manufacturing Facility

    July 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved