Crypto traders ‘talking to lawyers’ over Polymarket’s Zelenskyy suit bet
A group of crypto traders are planning to launch legal action against prediction platform Polymarket after its controversial $242 million Volodymyr Zelenskyy suit market concluded last night. The resolution over “Will Zelenskyy wear a suit before July?” was disputed multiple times and eventually settled on “No” on Tuesday. However, many onlookers and Polymarket users described the outcome as an example of “market manipulation” due to a small number of UMA token holders dictating the outcome of the bet — even if the conclusion was seen by many as being factually incorrect. As a result, X user defipolice told Protos that he is reaching out to lawyers and discussing the possibility of legal action against Polymarket . Ok its a lawsuit then @Polymarket and @UMAprotocol https://t.co/JU1Uo7UnBj — dp.hl (@defipolice_) July 8, 2025 Read more: Polymarket suitgate: Zelenskyy’s NATO look divides crypto bettors Defipolice reportedly lost roughly $30,000 on ...