Polymarket Faces Backlash for TikTok Ban Betting
- Polymarket declared TikTok banned in the U.S. on January 20, following a Supreme Court ruling.
- President Donald Trump intervened, granting TikTok a 75-day reprieve.
- Users accused Polymarket of manipulation and questioned its transparency.
- The platform bypassed UMA’s optimistic oracle for data verification in this case.
- Singapore and Thailand face regulatory challenges with Polymarket’s operations.
On January 20, Polymarket decided TikTok was banned in the U.S., despite President Trump’s intervention granting a reprieve, leading to user allegations of manipulation.
Source (2.6)https://hodl.press/polymarket-faces-backlash-for-tiktok-ban-betting/?rand=24434
