Polymarket — a crypto-based prediction market platform — recently declined to settle a high-profile contract on whether the U.S. would “invade” Venezuela, saying the recent military operation didn’t meet the strict definition of an invasion under the contract terms, even though the target state’s leader was captured. As a result, more than $10 million in related wagers remain unresolved and odds on the contract collapsed.
Prediction market settlement controversy — when real-world events don’t fit contract definitions
byu/Mission-Stomach-3751 inCryptoMarkets
Posted by Mission-Stomach-3751
2 Comments
Interesting
this is exactly why i dont mess with prediction markets anymore. they captured the guy’s president but somehow its not an “invasion”? whole thing just becomes a semantic argument and the house decides. rather lose money on coins where at least the rules are clear