The Illusion of the Crowdsourced Truth: Why the Polymarket Whales Scandal Proves DeFi's Governance Models Are Fundamentally Broken
The marketing pitch for decentralized prediction markets was a masterpiece of techno-optimism. For years, platforms like Polymarket were championed not merely as gambling hubs, but as the ultimate arbiters of objective reality. By forcing participants to put financial skin in the game, these platforms promised to bypass biased media, flawed polling, and institutional gaslighting to deliver pure, crowdsourced truth.