Browsing: whales influence in trading

The recent Polymarket credibility crisis has ignited widespread discussions about the integrity of prediction markets, particularly following the controversial UFO vote that some accused of being manipulated by wealthy traders, or ‘whales.’ This incident arose from a $16 million market resolution that declared a “YES” on whether the Trump administration would declassify UFO files by 2025, despite lacking any formal evidence.Critics have pointed to potential Polymarket market manipulation as whales strategically influenced the outcome, utilizing the UMA token governance process to sway decisions in their favor.