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Crypto Chaos: $ 160m Polymarket Bet on the Zelenskyy suit turns on manipulation fears

Polymarket faces a violent reaction of more than $ 160 million in the decision of Zelensky’s demand

In one of the strangest cryptographic controversies of 2025, a prediction market in the polymer asking if the Ukrainian president, Volodymyr Zelenskyy, carried a demand before July exploded in a storm of $ 160 million, which increases concerns about manipulation, decentralization and confidence limitations on the platforms of chip -based betting.

In the heart of the drama there is a simple question: Zelenskyy used a suit before July 2025? Conventional BBC, Reuters and confirmation reports of the designers indicate that the answer is “yes.” However, despite the overwhelming evidence, the Polymarket system is inclined towards a “no” resolution, leaving thousands of merchants questioning the integrity of the platform and the future of decentralized prediction markets.

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The bet that began

Polymarket, a popular cryptography prediction platform, allows users to make bets in real world events using cryptocurrencies. As of June 2025, one of the main markets was titled, which attracted more than $ 160 million in liquidity :: “Will Zelenskyy wear a suit before July 2025?”

It seemed an easy opportunity for merchants to get fast profits. Zelenskyy was known for his casual outfit during war updates, but had also appeared with formal clothing during several official functions, including a June event widely covered by the media worldwide.

Social networks illuminated when Coin Bureau published about the development situation in X (previously Twitter), calling attention to the contradiction between reality and what the Polymarket system seemed to suggest. The influential and cryptographic journalists echoed the feeling, marked the situation “an open scam” and “appeared against retail merchants.”

Evidence accumulates: Zelenskyy used a suit

Multiple forms of evidence support the statement that Zelenskyy had a lawsuit before July:

  • Confirmation of the designer: The designer who created the outfit confirmed that Zelenskyy used it in an official event in June.

  • Media coverage: BBC, Reuters and several European publications published photos and articles that verified the formal appearance of Zelenskyy.

  • Personal recognition: Zelenskyy himself acknowledged using formal outfits during his speech to foreign delegations.

However, despite these facts, the Polymket system has inclined towards a resolution of “no”, which caused accusations of “flagrant manipulation in sight.”

How Uma Oracle’s governance became the weak link

In the center of this controversy it is UMA (Universal Market Access)The Oracle protocol responsible for verifying and resolving results in Polymarket. UMA uses a decentralized validation system where validators vote on the result of the events.

Simpson cryptographic analysts graph highlighted suspicious whale movements within the system:

  • It is rumored that an account has links to Kalshi, a regulated competitor based in the USA. Uu., Made a “yes” commitment of $ 127,000 in the Zelenskyy demand question.

  • The theory that circulates is that if the market resolves “no”, this position could be used as a legal trap, allowing the whale to present demands that demand financial damage against the polymercado market.

This “whale game” has led many to believe that the system is being exploited from the inside, revealing vulnerabilities in the Oracle de Uma structure and questioning the equity of decentralized prediction markets.

Price collapse in market graphics reflects the decomposition of trust

At the beginning of June, confidence on the “yes” side increased, with 30%market probabilities, indicating the belief of merchants in the validity of evidence. However, by June 30, as the rumors of Oracle manipulation grew, these probabilities collapsed to only 4%.

Polymarket graphics vividly show this collapse, demonstrating how feeling can change not due to the reality of events, but for fear of manipulation within the system. This pattern reflects the behavior that is often seen during the tricks of the cryptographic protocol or the events of the carpet, where the community loses faith not in the underlying event but in the system’s ability to solve it fairly.

July 8: Resolution deadline and possible legal consequences

All eyes are now on July 8, the official resolution date for the Zellenskyy suit question in Polymarket. If the market is resolved as “no”, despite the overwhelming evidence otherwise, the situation could become a significant legal battle.

Cryptographic lawyers are already monitoring the event closely, suggesting that a negative resolution could cause demands of affected merchants and possibly extract regulatory scrutiny from US authorities. Given the rumored participation of the Kalshi whale, a demand could establish precedents on how decentralized prediction markets operate under legal systems worldwide.

A major problem: Can you trust Defi’s prediction markets?

The Zelenskyy suit scandal has exhibited deeper structural problems within decentralized financing and prediction markets:

  • Oracle vulnerabilities: The dependency of validator votes opens the manipulation potential by malicious whales or actors.

  • Lack of transparency: Even in an environment designed to be transparent, critical decisions can occur behind closed validator channels.

  • Retail power versus whale: Retail merchants have the gain when the big players exploit systemic weaknesses to obtain legal profits or positioning.

What began as a cryptographic playful bet in the wardrobe of a global leader has become a fire test for the credibility of decentralized prediction markets.

Retail merchants left in crossfire

For many retail merchants, the promise of Defi was to democratize finance and provide a fair playing field. Polymarket’s controversy of Polymarket challenges this narrative. Users are asking:

  • Who will protect retail investors when the truth becomes irrelevant to determine market results?

  • What systems exist to ensure that influential players are not kidnapped by some influential players?

Final thoughts: a test for the future of defi

The Zelenskyy suit question is no longer about whether the Ukrainian President had a lawsuit; This is if decentralized systems can resist manipulation and continue to serve their communities honestly.

As the cryptographic world awaits the resolution of the Polymarket on July 8, the implications of this controversy will be observed closely not only by merchants but also by regulators, the enthusiasts of cryptocurrencies and institutional investors alike.

If Polymarket solves the bet online with verifiable evidence, you can restore faith on the platform. If it fails, it could become a decisive moment for Defi’s responsibility, triggering a wave of discussions about the future of decentralized prediction markets in the global cryptographic landscape.

Writer

@Ellena

Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.

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