Tag: payout disputes
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War Profiteers Furious: Polymarket Refuses Payout on Venezuelan Invasion Bets
Background: A Prediction Market in Turmoil In the chaotic world of prediction markets, Polymarket rose to prominence by offering traders the chance to bet on real-world events, from elections to geopolitical flashpoints. Last week’s headlines centered on a swift U.S. strike campaign linked to the controversial kidnapping of Venezuelan President Nicolás Maduro. As prices on…
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War Profiteers Furious as Polymarket Refuses Payouts on Venezuelan Invasion Bets
Background: Polymarket, Predictions, and Controversies Polymarket has long positioned itself as a platform where users can bet on real-world events using cryptocurrency. The site, which bills itself as a decentralized prediction market, has drawn both praise for its innovation and criticism for its governance and potential implications for market manipulation and financial risk. In recent…