Thread 60590039

polymarket devs are melting down on twitter

>>60590039 (OP)
Clearly the site is rigged.
It's not the first time we've seen this.
You'd be a fool to put any money into a rigged betting site like this.

polymarket needs another cycle to get refined. more competition too

CLEARLY KLEROS IS NEEDED SIRS

>>60590039 (OP)
You are gay

https://polymarket.com/sports/mlb/games/week/15/mlb-hou-lad-2025-07-04

>>60590060
Not a link marine, but their UAM oracles are clearly fucked up and they probably use chainlink. That would give them some credibility.

>>60590072
*they should probably use chainlink
That might actually boost both projects
I would buy link on that announcement actually

>>60590039 (OP)
how can they even argue against an objective outcome like this?

>>60590060
Polymarket actually works fine, their underlying oracle is completely fucked due to its DAO-like design and whale holders.

>>60590083
Chainlink offers price feeds, not generalized truth oracles. Maybe they can offer generalized truth oracles in the future though, but like with the feeds it's a glorified centralized cluster of servers doing everything.

>>60590055
>>60590070
Polymarket your faggot employees are posting on the racist frog board.

Seer,pm is a polymarket hardfork but with kleros, no scams secured by hard working sers, and ability to appeal decisions. Yes its called Seers

>>60590163
>stake this month
>receive a capsule pnk toy

what gives? where are by pnks

>>60590039 (OP)
They're issuing a refund but not honoring the winnings

>>60590039 (OP)
>>60590055
>>60590070
Polymarket and UMA nigger riggers are going to prison. SBF had a lot more money and power and they still got him. Tick tock niggers, tick tock.

>>60590092
It's the basic Oracle Problem. Known flaw since day one. Mathematically proven to be unsolvable.
Anyone participating in these scam networks has no one to blame but themselves.

>>60590200
I thought chainlink solved it? Isn’t its whole thing its oracle solution?
Why would it be impossible to solve in the first place? Genuinely curious

>>60590097
> 15 years into crypto
> can't even decentralize an oracle

>>60590039 (OP)
with jews you lose. never play their games never do business with them

>>60590325
chainlink technically didn't "solve" it. They just were the oracle not scammy enough to actually make it economically incentivized to make truthful statements prevail. Obviously link isn't completely immune to collusion and they don't even have slashing implemented afaik which is kind of laughable considering how much shit they power

>>60590039 (OP)
lol at the house losing, and then declaring the loser to be the winner after the fact. prediction markets are totally done its its that easy to spoof them, or if they get it wrong they are forced to cheat the investor

the wisdom of crowds is a cool idea but in practice the manipulators, who want to craft consensus, make it too dangerous to host the game

>>60590039 (OP)
>>60590055
i always wondered who actually certifies the results on polymarket and how can you trust them, now i know theres no trust at all and its as stupid as i imagined total joke

>>60590536
>wisdom of crowds
only for objective facts, and even then very iffy. As soon as you get down to some niche items like how many the overtime lasted, you'll notice aggregators track and report it very differently.

kek what pathetic joke. This is why you should NEVER use any protocol in crypto that doesn't use Chainlink. Remember when Hyperliquid manually edited the oracle to fuck some trader out of a $10 million dollar trade because it was going to create bad debt for HL?

It's amazing that it's 2025 and crypto is still chock full of this kind of worthless garbage.

doesn't polymarket have an admin key for these?

>>60591577
The traders who attacked Hyperliquid were CZ and Star Xu. Sometimes a having central authority early on is okay, so devs get a better understanding of how their platform can be exploited.

>>60591603
>being fundamentally broken and centralized is actually good
listen anon i like the hyperliquid product but it's just a centralized cex larping as defi and i would never trade more than pocket money on that bucket shop until they switch to chainlink oracles.
There are objectively only 2 possible reasons for them to use their own oracle instead of chainlink:
1: because they need to be able to manipulate it at will to protect themselves from bad debt incurred by offering 40x leverage on illiquid shitcoins
2: because it allows them to take Oracle Extractable Value from their users every time they get liquidated.

Not using chainlink is a dead giveaway that the protocol is retaining the ability to fuck over its users.

>>60591622
>being fundamentally broken and centralized is actually good
Chainlink had the exact same starting principles and foundation desu. Sergey literally was holding all the coins kek

>>60591637
Sergey doesn't hold the Chainlink nodes.
Hyperliquid does hold all the validators.

retard

Bullish for link.

>>60590061
Is this person facing the camera?

>>60591598
yes, that's how they ended up fixing it. still doesn't solve the main problem and it won't scale if they have to keep manually fixing shit.

>>60590097
lies, chainlink connect any kind of data. You could create a DON that selects the outcome of that match from a list of data providers (main sport outlets) and calculate the average from all sources, and take the majority vote. The only way that polymarket will be wrong is if 51% of news outlets provided a fake answer. Its been 10 years you should know better how to fud

>>60590060
Oracles are a joke and PM is here showing you *now* how the DAO ponzi will work in future epochs.
>The DAO isnt D.

chainlink, unironically, solves this

>>60590536
What makes it a stupid scam is that you have to bet+buy tokens to ever hope to have any power with any disputed bets even then you're against the owners of UMA+Employees who have a shitload of tokens.

>>60594497
token not needed though

>>60590325
>>60590515


Yes, kind of. One of the reasons chainlink is so slow. The guarantee of trustless reliability has to reach a certain threshold of many factors such as reputation, decentralisation, multiple points of data aggregation etc. Otherwise you can literally just rely on any api to prove/ disprove something. Many other decentralised oracles have taken short cuts in the hopes to get partners and frontrun chainlink i'm glad now we are seeing why those shortcuts are detrimental. Also btw chainlink does have slashing mechanisms in place for certain areas such as where institutional protection and insurances are needed.

>>60590039 (OP)
Why can’t prediction markets just use oracles, that way it’s a trustless system that always pays out on the result.

Somebody smart could even program the bettering site so that the odds/payout is based on how much people are betting so that no matter what side wins the payout is the same, and the house can take a 1-2% fee for setting up the bets so each bet the house always wins 1-2%. it’d be a literal money printer for the owners with zero risk on their part and the best most trustful betting prediction market that everyone would use because they;d be absolutely zero bullshit

>>60597574
... they do use oracles anon, that is the whole problem here. Apart from the nonsense about equalising the odds, you've described exactly how polymarket already works.

>every single media outlet calls it a suit
>people who made the suit call it a suit
>resolution is based on "reporting consensus"
>resolves "No"
LMAO

>>60594482
you're right that this would work when there is a clean API delivering data, like the results of sports matches. unfortunately there is no clean API that will report to an oracle whether zelensky did or did not wear a suit in the month of june.

>>60590340
lmao really makes you think

>>60598323
was a robbery in plain sight, kept bets open whole time to rob more

>>60590039 (OP)
Ask those guys how rigging the market worked out for them in a few years when they're in federal prison. Ask safemoon devs how committing fraud worked out for them. Might take a few years, but eventually they end up doing time

If you're still using polymarket at this point you're retarded, especially for sports because you could've just used a boomer betting site and not been scammed

>>60598413
I'm not sure anyone's done anything procedurely wrong though, morally wrong yes, but everyone who bet on this market knew (or had the ability to know) what the dispute resolution system was, and they agreed to it. The system is working exactly as designed, it just turns out its a flawed design.

The issue is that the incentives of decentralised oracles become broken once the thing they are making a decision on is worth more in potential losses than the cost of rigging the oracle.

>>60598481
"working as designed" is no longer a valid argument when we're talking about an exploit deliberately circumventing the intention of the design, which is why deliberate price oracle manipulation to empty a defi vault is now considered criminal fraud in jurisdictions with a functioning legal system. Since the intention of this system is to deliver fair arbitration of subjective disputes, you could make a pretty strong argument for fraud if you can prove that arbitrators deliberately provided a false response for their own gain.

They could have so much free and good PR if they just stepped in during the suit vote, instead they chose to max extract like the jeets they are.
But it's fine, now is the perfect time for another platform to take over their place.

>>60598487
All true but who are you suing? Polymarket's T&Cs are clear and haven't been broken, they aren't responsible for the decision of third party oracles. If anything overruling the decision puts them in greater liability because it would be breaking their own T&Cs.

>>60598481
>>60598481
>I'm not sure anyone's done anything procedurely wrong though

Then you don't know shit about fraud.

There were multiple instances of fraud. I will list a few off the top of my head.

1)The market didn't adhere to its own stated rules.
2) Polymarket fraudulently interpreted and applied the rules.
3)Polymarket fraudulently doctored the betting page.
4)Polymarket fraudulently misrepresented odds while allowing bets to be made for days during "review."

Fraud is simply intentional deception to gain an unfair advantage, in this case polymarket has done that in spades. I haven't even touched on uma conflicts.

But if it makes you feel better to think that you're safe 'cause you worked out some excuses in your head and think you can hide behind decentralized oracles and tech mumbo jumbo, that shit never works in criminal court.

Tech geeks always think they can hide but prosecutors don't give a single fuck about jargon

It's about to get very real for polymarket

>>60598487
True. Polymarket just letting this happen makes them an accomplice.
There were already examples of rigged decisions before this happened like the astros vs dodgers game (they only refunded and didn’t give the winning bet to the side that chose correctly) so there’s plenty of evidence to argue they just let it happen.
They can’t hide behind UMA’s bullshit when they clearly didn’t take action to replace UMA with something else after all the shit happened before.

>>60598569
I'm safe because I have no stake in this market, financial or otherwise but thanks for your concern Mr Patel, I'm sorry you lost several rupees unfairly but you clearly aren't getting it back.

>>60598481
>>60598490
>>60598588
obvious dmg control jeet is obvious cia is gonna black bag you street shitter kek

kill all jews and jeets

>>60590039 (OP)
The end of polymarket lmao. I threw 100 bucks at .5c in the event they weren't retarded but guess what, they were. Now I get to see this shit, jeet and whale manipulated site crash and burn. I wish whales would lose all their money but unfortunately, polymarket will lose popularity but the whales will just jump on the next best betting platform and they will be allowed to get away with this

>>60598641
nice feint

>>60598489
>They could have so much free and good PR if they just stepped in during the suit vote, instead they chose to max extract like the jeets they are.

That was the winning move but pajeets are so retarded short sighted you could hand them 100 dollars and tell them if they come back tomorrow yo uwill give them 200 dollars and they will run off with the 100 and yo u will never see them again...
..Now the us government will max extract polyjeets from their homes in the middle of teh night with blackhawk helicopters

>>60590083
you would buy link if sergey announced he had a solid shit instead of the usual liquid diarrhea wouldnt you

>>60598323
Oh fuck off. Never touching this fucking thing.

I want to strangle whoever posted this thread. I wish I never browsed /biz/ that day. I lost $600

>>60598323
the nypost was probably made by them to bait people

>>60590039 (OP)
How can the price be manipulated after the fact? I don't get it. If they said you get a bajillion dollars if the astros win, they gots to pay up.

>>60600811
cuz the whales manipulated whatever shitty centralized solution they are using to get the data, causing the contract to think the wrong team won

>>60599157
A thread about polymarket being a scam made you want to put $600 on polymarket

>>60599090
Damn. I just realized the streetshitting niggerjeet scammer is in the US.
I think some anon already reported him in one of the polymarket threads if not the thousands of pissed off retards who got scammed. He’s fucked.

>>60601661
sasuga /biz/

>>60601567
thats a bunch of words for saying "you got scammed"

Pajeets are just vermin.
Subhumans that can't go around without scamming, shitting on everything and everybody and because of it I just don't consider them humans.
remember who rugged you.