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Polymarket’s Suit Saga: Understanding the $170M Drama Around Zelensky’s Outfit

All eyes are on UMA voters as they decide the fate of one of Polymarket's most controversial markets to date.
Polymarket’s Suit Saga: Understanding the $170M Drama Around Zelensky’s Outfit
William M. Peaster William M. Peaster
Jul 7, 2025 • 3 min read
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Since Russia invaded Ukraine in February 2022, Ukrainian President Volodymyr Zelensky has eschewed wearing formal suits in favor of military-style attire.

In doing this, Zelensky stresses solidarity with Ukraine's civilians and soldiers and keeps attention on Ukraine's defense on the world stage.

All that said, this symbolic clothing choice has led to a lot of speculation about when Zelensky would next don a suit. And these days where speculation appears, onchain prediction markets on Polymarket usually follow.

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Polymarket Polymarket
William M. Peaster

Written by William M. Peaster

1016 Articles • View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.

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