TechFlow news, December 6 — According to Bloomberg, prediction market Polymarket is embroiled in controversy over a $59 million bet. Traders placed large wagers on whether the platform would launch a U.S. version by the end of 2025. In November, Polymarket opened access to a regulated U.S. platform for a small group of test users, but debate has emerged over whether this "soft launch" meets the criteria for an "official launch." This week, UMA token holders voted via blockchain to determine the outcome as "yes," but many users have protested, claiming the ruling prioritizes interpretation over facts. As of now, the related prize money has not been distributed, and the incident highlights the challenges prediction markets face when confronted with their own uncertainties.
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