🔥Hot News! Prediction market Polymarket and oracle service UMA are at odds over a dispute over whether Barron Trump was involved in the creation of the DJT token. The stakes for this dispute exceed $1 million! 💰

Polymarket’s contract explicitly states that if there is a preponderance of evidence that Barron Trump was involved in the creation of Solana’s token $DJT, then the market will determine “yes”. Otherwise, the market will determine “no”. The decision on this issue rests with the decentralized resolver UMA, which will consider all available evidence as of 12:00 PM EST on June 23. 🔍

However, when the results of a prediction market are disputed, UMA is brought in, a decentralized “optimistic” oracle that resolves the issue by having UMA token holders vote on the results. In this case of DJT, a majority of UMA holders voted “no”. 🗳️

However, Polymarket believes that UMA got it wrong and plans to make a correction. They said: "We are working on a near-term solution and will announce it today." 📢

This is an interesting story about blockchain, prediction markets, and decentralized oracles, let's look forward to the next development! 🚀