Nine anonymous crypto owners hold massive sway over Polymarket outcomes, drawing traders’ ire: report
Nine anonymous cryptocurrency wallets have significant influence over outcomes in Polymarket's prediction markets, leading to dissatisfaction among traders. These wallets control a large portion of UMA tokens used for resolving disputes, which has raised concerns about fairness and transparency. Despite promises from Polymarket to improve their resolution process, little progress has been made since issues were first highlighted.
- ▪Nine wallets control roughly half of all UMA tokens used in Polymarket resolutions.
- ▪Traders have expressed frustration over the concentration of voting power among a few crypto owners.
- ▪Polymarket's resolution process has been criticized for lacking transparency and fairness.
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| Original publisher | New York Post |
| Canonical URL | https://nypost.com/2026/05/26/business/nine-anonymous-crypto-owners-hold-massive-sway-over-polymarket-outcomes-drawing-traders-ire-report/ |
| Publication time | Tue, 26 May 2026 16:18:41 -0400 |
| Retrieval time | 2026-05-26T20:22:54.110Z |
| Last seen | 2026-05-26T20:34:04.434Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary source text | contentText |
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Business Nine anonymous crypto owners hold massive sway over Polymarket outcomes, drawing traders’ ire: report By Marc Vartabedian Published May 26, 2026, 4:18 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Nine anonymous cryptocurrency wallets reportedly hold massive sway over who wins and loses some of Polymarket’s most contested prediction market bets – drawing blowback from a growing number of unhappy traders. Polymarket’s third-party resolution mechanism over the past year has adjudicated nearly 2,000 financial contracts, including bets on war, elections and geopolitical conflict, according to a Bloomberg News analysis of blockchain records and past votes.
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