Will Polymarket and UMA Implode if the US Election Result is Disputed?

cryptonews.com:

Polymarket and the UMA token might not survive a disputed US presidential election outcome, and here’s why.

While betting site Polymarket’s US presidential election market volume is racing toward $1 billion, there are nevertheless growing worries about how a disputed outcome could impact the platform.

In the wake of the second assassination attempt on former President Donald Trump, the fractured political environment means there is a strong possibility of a disputed election outcome.

It is no longer beyond the bounds of possibility that Polymarket US presidential market payouts could be affected and the betting markets themselves subject to manipulation. In fact, the decentralized systems that are Polymarket’s bedrock might come under attack.

Could the crypto industry’s breakout product, which just last week signaled that it might be launching its own token, be on the verge of imploding?

As things stand the Polymarket betting market for the US presidential campaign winner settles under the following rules:

This market will resolve to “Yes” if Kamala Harris wins the 2024 US Presidential Election. Otherwise, this market will resolve to “No.”

The resolution source for this market is the Associated Press, Fox News, and NBC. This market will resolve once all three sources call the race for the same candidate. If all three sources haven’t called the race for the same candidate by the inauguration date (January 20, 2025) this market will resolve based on who is inaugurated.

Note: An update may be made to this market to allow for early expiration if the candidate is definitively no longer in contention for the presidency.

The rules have been amended to include an early expiration clause, presumably to account for the