The voting results on Polymarket have been manipulated many times. This time, they directly turned a $2.4 bet upside down, causing all the winning bets to lose their stake. There were over $200 million in bets regarding whether Zelensky would wear a suit before July. Just four days before the results were announced, on June 26, Zelensky actually wore a suit during a meeting with Trump in The Hague. Surprisingly, the final result was 'No'. This was due to the fact that the UMA whales, who are the oracle for Polymarket, refused to accept defeat and manipulated the voting results. As a POS mechanism, UMA's results are determined solely based on the choices of the highest stakers, allowing large holders to completely manipulate the outcome. Furthermore, because of the POS reduction mechanism, smaller holders are also forced to go along with the large holders' whims and lie along with them during voting. Otherwise, if the voting results from smaller holders do not 'align with reality', they will be fined.

Currently, UMA's market cap is only $130 million, which means that all the bets on Polymarket, amounting to tens or even hundreds of billions of dollars, rely solely on this $130 million in POS. As long as you can control UMA, it is equivalent to controlling Polymarket, and the large holders of UMA hold as much as 95% of the tokens.