this post was submitted on 16 Mar 2026
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Interesting thing though. How is Polymarket going to arbitrate such things?
There's going to be discussions that are never going to be truly resolved as opposed to, for example, sports betting, so how does this turn out?
I guess they got a smart ToS but they're incorporated in the US so I guess they'll be tested in court sooner rather than later
Why not set up a Polymarket bet for how Polymarket is going to handle this? Or whether they face any kind of legal repercussions at all.
No joke, this is actually very much how it works. For disputes they use UMA tokens, which allows whales to just buy the vote. Although "being too expensive to corrupt" is the point, there's a bunch of recent news about votes for $50 million markets bought with $7 million worth of coins (which are reusable, once you own them, you can vote on every dispute with the same tokens and voting power).
Well gee, that doesn't sound like a nightmare of a Ponzi scheme at all
It literally doesnt sound like a ponzi scheme at all.