Polymarket, a decentralized prediction market platform, said oracle service UMA’s betting market resolution for DJT tokens was “incorrect” and that Polymarket was developing a “short-term solution” that it would announce today.
Polymarket utilizes UMA, an optimistic oracle, to settle bets. Previous UMA was market You’re betting on whether Donald Trump’s son Barron Trump was involved with DJT.
“If there is a preponderance of evidence that Barron Trump was involved in the creation of the Solana token $DJT, this market will say ‘yes.’ Otherwise, this market will be resolved to ‘No’,” the Polymarket rules stated.
However, Polymarket took issue with UMA’s decision. “We firmly believe that UMA made this decision incorrectly,” Polymarket wrote in a post to X. “It is important to maintain the integrity of markets and prices. atmosphere.”
According to the Polymarket page, bettors have invested over $1 million in the market. UMA’s optimistic oracle operates to record verifiable truths or data for smart contracts. It is used for dispute resolution, where token holders vote to decide.
The story surrounding the DJT token continues to unfold after the Solana-based memecoin. the virus has spread last week. Donald Trump’s campaign said he has yet to respond to questions about whether he was involved in the project, but controversial entrepreneur Martin Shkreli Claims to have co-created DJTAccording to blockchain detective ZachXBT.
Blockchain analysis platform Arkham even A $150,000 bounty was awarded. To ZachXBT, who first revealed that Shkreli was behind the DJT token.
DJT price is said to have plummeted 17.5% in the past 24 hours at the time of publication. data In GeckoTerminal.
The Block has reached out to Polymarket, UMA and the Trump campaign for comment.
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