Crypto bettors have staked millions on whether the outfit technically counts as a suit, while a renowned fashion industry commentator hasn’t helped, calling it “both a suit and not a suit.”
Ukrainian President Volodymyr Zelenskyy’s outfit at a June 24 NATO meeting in the Netherlands has become the focal point of a fierce dispute between Polymarket bettors.
A user on Polymarket, a crypto-based prediction platform, created a betting market that asked whether Zelenskyy would wear a suit before July. To settle the bet, a photo or video must show Zelenskyy wearing a suit between May 22 and June 30.
The market racked up nearly $79 million in volume. The result initially landed on “yes,” but has been disputed twice since and now awaits a final decision.
