Polymarket faces credibility questions after controversial rulings on several markets that have cost traders millions.
Venezuela Market Sparked Rules Fight Over “Invasion” Definition
Polymarket ruled that the U.S. did not invade Venezuela despite a military operation involving 150 aircraft from 20 bases that killed 100 people and extracted the country’s head of state.
The market resolution sparked backlash from traders who pointed to Polymarket’s own rules.
The platform’s rules stated the market would resolve “Yes” if the U.S. “commences a military offensive intended to establish control over any portion of Venezuela.”
Trump explicitly said in multiple interviews including The New York Times that “the United States now runs Venezuela” and would continue running the country for years.
The market initially spiked from 2.5 cents to over 50 cents …Full story available on Benzinga.com
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