Polymarket delays voting process revamp as nine whales dominate disputes
Polymarket is facing challenges with its voting process due to a small group of UMA token holders controlling a significant portion of the voting power. This concentration of power raises concerns about the fairness of dispute resolutions, as the interests of these holders may not align with accurate outcomes. Proposed reforms have stalled, and the platform is considering launching its own POLY token to address these issues.
- ▪Nine wallets control over 50% of the voting power in Polymarket disputes.
- ▪Past interventions by whale voters have influenced high-stakes geopolitical bets.
- ▪Polymarket is considering launching its own POLY token to internalize oracle functions.
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Polymarket delays voting process revamp as nine whales dominate disputes A tiny group of UMA token holders controls more than half the voting power in disputes worth billions, and proposed fixes keep getting stuck. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Prediction markets are supposed to be the wisdom of the crowd distilled into cold, hard probabilities.
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