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Oracle Machine vulnerability exposed: $200 million manipulation case rings the alarm for trust in Web3
Oracle Machine Manipulation Sparks Controversy: The Hidden Concerns Behind Zelensky's Suit Incident
Recently, a prediction market surrounding the dressing of Ukrainian President Zelensky has attracted widespread attention. This incident not only involved a trading volume of up to $200 million but also revealed potential issues existing in the current Oracle Machine system.
The cause of the matter was a prediction on a certain forecasting platform about "Will Zelensky wear a suit in July?" When Zelensky attended the NATO summit, mainstream media generally believed he was dressed in a suit. However, the Oracle Machine responsible for determining the outcome gave a negative answer.
This unexpected result is not a system malfunction, but rather stems from human manipulation behind the Oracle Machine. It is reported that some major players controlling the Oracle Machine placed huge bets on the "no" option. To protect their own interests, they distorted the obvious facts using their voting power.
This event highlights the fundamental flaws of the human-controlled Oracle Machine system. When the benefits of manipulating the truth outweigh the costs, facts become commodities that can be bought at a high price. This not only goes against the original intention of decentralization but also threatens the credibility of the entire prediction market.
It is worth noting that this is not an isolated case. As early as March this year, a similar controversy arose in the Ukrainian mineral trading case. In fact, all major prediction markets face the same challenge: when humans hold the power to define the truth, the truth can easily become a tool for profit.
To address this issue, the industry is exploring AI-driven Oracle Machine systems. The advantages of this solution are:
Although AI systems still have certain errors, these errors are considered random noise and are difficult to exploit intentionally. With clear standards and reliable data support, advanced AI models have demonstrated remarkable accuracy.
The future prediction market must completely eliminate human intervention in truth determination. This new framework may include: predefined information source hierarchies, cryptographic proofs of data sources, consensus mechanisms among multiple AI systems, traceable decision-making processes, and immutable evidence storage.
The impact of this issue goes far beyond prediction markets; it relates to how we establish objective facts in the "post-truth" era. From election verification to scientific consensus, from news authenticity to the preservation of historical records, a reliable truth assessment system is needed.
When 200 million dollars cannot shake an outcome that should be obvious, the fundamental flaw of the prediction market is glaringly evident. Technical solutions already exist; the key is whether we have the courage to change the status quo and ensure that the truth is no longer an auction item for the highest bidder.