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The outcome of this particular market is a red herring imho, I’ve reviewed the rules and I’d anticipate a dispute losing pretty heftily, so I’m unsurprised that no one took on that risk, but there is some good feedback above that I hope the UMA and Polymarket team will act on.
UMA is permissionless, so new polymarket users, or indeed anyone could have disputed the market, but it seems that the problem was that they didnt have enough info and know how to dispute it.
Polymarket is an integration with UMA, so its Polymarket’s responsibility to inform their users of relevant info about their resolution process (like when a proposal is made, how to dispute, explaining how UMA’s oracle works together with Polymarket etc), however I do think that UMA can improve its documentation on how to dispute to make it more user friendly.
If the rules had specified the first song on the Apple playlist, it would almost certainly have been disputed and upheld, but that wasnt the rules.
We will never know if a dispute would be upheld because those who were knowledgable enough to know how to dispute did not take on the risk of losing and it appears that there were some who did want to take on that risk, but lacked the knowledge of how to do so.
Clarity and more communication is the solution here.
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Hi @nogums, thanks for posting here. I am speaking in my capacity as an UMA voter, and not as a representative of the UMA team.
I think that your post is interesting and well-written. Several improvements could be made in the UMA <>Polymarket integration, and I hope that this discussion can help to ignite a sense of priority here. However, I am not sure that this proposal is best intended for UMA DAO. The OO is a piece of infrastructure that is utilized by Polymarket. They control the markets and set the resolution rules. UMA’s job is to allow answers to be given to questions as they are asked, with the information available at the time a proposal is made. At the time of the proposal, there was no Apple setlist and no indication that one was needed for a resolution. Based on that, it is a lot less clear what the correct result should have been at that time- entirely subjective based on whether you think an 8-second clip counts. It is unfortunate that information later became available that may have changed the result, but that is not within UMA’s ability to control.