quote: "Decentralized" resolution where 10 wallets decide the outcome is centralization with extra steps.
The fix isn't | Hanami
quote: "Decentralized" resolution where 10 wallets decide the outcome is centralization with extra steps.
The fix isn't a better vote. It's evidence that's public, scored against reality, and can't be outvoted by a bag.
https://x.com/Nikitont/status/2062107660011331788 | WSJ PUBLISHED A MAJOR INVESTIGATION INTO POLYMARKET.
The numbers are worse than most people expected 👇
Power concentration:
• In most disputes 10 wallets control 50%+ of UMA votes
• 9 whales effectively decide the outcome of any dispute
Conflict of interest:
• 60%+ of active UMA voters are directly linked to Polymarket accounts
• The judges and the bettors on the outcome they are voting on are often the same person
• ~1 in 5 disputes (~300 cases) had at least one voter with direct financial interest in that market
The UMA rocks incident:
• April 2026: committee member "Scout" fired after manipulation accusations
• Scout did not deny voting on disputes while holding positions in those same markets
Accountability:
• Polymarket Terms of Use: "Polymarket bears no responsibility for the resolution of any disputes"
• 1,150+ disputed markets in 2026 already more than all of 2025
The market drama playing out right now:
• Top YES holder lost $500K after a clarification dump. Went all-in right after the 8K filing trying to front-run the market reaction.
• Meanwhile kahanetzadak bought 10M YES shares at $0.03 (~$35K total) and is currently sitting on 2x+
Polymarket calls it "decentralized decision making."
Kalshi and Hyperliquid call it structurally broken.
Coindesk summary of the whole situation: "The sale everyone can see is trading at less than a penny."
Make of that what you will.(Historical earnings: For fiscal 2026 Q3 (period ended 2026-05-28), Micron Technology reported basic EPS of 41.97, diluted EPS of 41.4, and net income of USD 47.268 billion. In the prior-year period (ended 2025-05-29), basic EPS was 4.79, diluted EPS was 4.75, and net income was USD 5.338 billion. For fiscal 2026 Q2 (period ended 2026-02-26), basic EPS was 16.91, diluted EPS was 16.68, and net income was USD 19.025 billion; in the prior-year period (ended 2025-02-27), basic EPS was 3.1, diluted EPS was 3.08, and net income was USD 3.453 billion.
Consensus expectations: The next upcoming consensus is for fiscal 2026 Q4, with an EPS estimate of 32.5625.)