Polymarket Accused of Manipulating Outcome in TikTok Ban Prediction Market
Polymarket, a cryptocurrency-based prediction platform, is facing backlash from users over the outcome of a prediction market on whether TikTok would be banned in the US before May 2025. The market was resolved to "Yes" on January 20, after the US Supreme Court upheld a law banning the Chinese-owned app. However, confusion arose when TikTok announced it would remain accessible for 75 more days, leading to accusations of manipulation from users. Polymarket relies on UMA's Optimistic Oracle to resolve its prediction markets, and the platform is reportedly seeking $50 million in funding to enhance its operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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