When Blockchain Meets Prediction Markets: Understanding the Future Through Trading Regarding prediction markets, the most noteworthy recent development is Ploymarket's ruling regarding Zelenskyy's suit. Zelenskyy wore a "wartime suit" during his appearance. While major global media outlets used the word "suit" in their coverage, the oracle used by Ploymarket, UMA, changed its answer from "yes" to "no," causing a stir. The amount wagered on this single bet reached $240 million, demonstrating the immense investment potential of combining blockchain with prediction markets. Binance Research compiled a report on prediction markets that deeply explains the importance of decentralization in prediction markets and the mechanisms of oracles. If you're interested in this type of application, I recommend taking a few minutes to read this article.