Preliminary ruling of “sure” on 24 June look has been formally challenged.
Debate centres on lack of tie, trainers, and ritual of apparel.
Background contains previous wager confusion and political strain from Trump.
Ukrainian President Volodymyr Zelenskyy’s apparel has unintentionally sparked a multimillion-dollar crypto betting frenzy.
A easy prediction on Polymarket—asking whether or not Zelenskyy would seem in a go well with by the tip of June—has developed right into a $79 million conundrum over what counts as a go well with.
The wager, initially meant as a light-hearted market, has escalated right into a contentious debate now entangled in rule interpretations, public appearances, and even political optics.
Polymarket ruling contested as photographs from NATO go to go viral
The present spherical of confusion started on 24 June, when Zelenskyy attended a NATO gathering within the Netherlands.
He was photographed in a darkish jacket, shirt, matching trousers, and trainers.
The pictures circulated quickly, and lots of on the decentralized betting platform Polymarket interpreted the outfit as a go well with.
Polymarket had opened the market on 22 Might, posing the query: “Will Zelenskyy put on a go well with earlier than July?”
The unique phrases specified the outfit needed to qualify as a go well with in “a generally accepted” sense.
Following the looks, the platform initially dominated “sure,” triggering a partial payout.
However this choice was quickly contested by some merchants who argued that Zelenskyy’s look lacked formal sneakers, a tie, or ample distinction between formalwear and informal apparel.
This marks the second such dispute on Polymarket involving Zelenskyy’s garments.
In Might, an identical market had additionally closed amid controversy after Zelenskyy wore an identical jacket and trousers with no tie, prompting some to argue the outfit technically met the go well with standards.
Vogue author Derek Man had weighed in then, suggesting the gadgets had been lower from the identical fabric, satisfying the definition of a go well with regardless of the shortage of standard styling.
Historic context, conflict symbolism, and political rigidity
The importance of Zelenskyy’s wardrobe selections extends past betting mechanics.
Because the Russian invasion of Ukraine in 2022, Zelenskyy has persistently worn military-style clothes to characterize solidarity with Ukrainian troopers.
He has publicly acknowledged that he’ll return to carrying fits solely when the conflict ends.
Nevertheless, the difficulty of his gown turned politically charged after a high-profile assembly in early 2025 with US President Donald Trump within the Oval Workplace.
Trump, in a pointed second, criticised Zelenskyy not just for his place on the conflict but in addition for his refusal to look in formal apparel throughout the assembly.
The remark led to worldwide headlines and additional politicised Zelenskyy’s clothes choices.
Final result delayed as appeals course of continues
At current, Polymarket has paused any last settlements associated to the Zelenskyy go well with market.
Two formal challenges have been filed in opposition to the ruling that thought-about his 24 June outfit a go well with.
These appeals have locked up the funds, stopping merchants from accessing their winnings or losses till a last decision is reached.
Polymarket operates utilizing good contracts and third-party arbitration to resolve disputes, and the ultimate choice will probably be made based mostly on the proof submitted, together with images and interpretations of the platform’s guidelines.
Till then, tens of hundreds of thousands of {dollars} stay in limbo.
Regardless of the market’s light-hearted look, the authorized and monetary implications are very actual.
With almost $79 million in complete quantity, the Zelenskyy outfit debate has grow to be some of the useful prediction markets ever run on Polymarket—surpassing even earlier political betting occasions.
Whether or not or not Zelenskyy’s NATO look qualifies as a go well with will now rely upon the arbitration panel’s interpretation, which may set a precedent for future fashion-related prediction markets on the platform.
