I am surprised to learn this.
Can you influence outcomes on Polymarket by purchasing enough UMA tokens?
Why would people accept this? Especially if ownership is anonymous and could overlap with market actors?
Can you influence outcomes on Polymarket by purchasing enough UMA tokens?
Why would people accept this? Especially if ownership is anonymous and could overlap with market actors?
Because A) they're not paying attention, B) they're in denial and C) because they think they can profit in the short term before it collapses, or that the odds are in their favor to profit despite the risks.
People are very good at convincing themselves that because something has not happened, therefore it will not.
When UMA is eventually abused to make a lot of money, then perhaps things will change.