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2025-02-10 10:03:31
Gate.io Becomes Official Sponsor of F1 Red Bull Racing Team, Joining Hands to Lead the Future of Blockchain and Racing Industry
<p>Odaily News Cryptocurrency exchange Gate.io has announced that it has become an official sponsor of Oracle Red Bull Racing in Formula 1. This cooperation reflects the common pursuit of innovation and technology between the two parties and is an important symbol of the cooperation between two industry giants.<br/> Starting from the 2025 season, Gate.io&#39;s brand logo will appear in several key locations of the F1 Red Bull Racing team, including the rear wing, nose wing, headrest, wheel hub cover, chassis and team racing suits, as well as the helmet of F1 four-time champion Max Verstappen. The two parties will work together to explore innovative areas of integration of digital finance and motorsports.<br/> Christian Horner, CEO of the F1 Red Bull Racing Team, said that the cooperation with Gate.io will bring a new experience to fans, and Dr. Han Lin, founder and CEO of Gate.io, also pointed out that the two parties will jointly make breakthroughs in technological innovation and promote the expansion of blockchain technology to a wider range of fields.<br/> Through this partnership, Gate.io aims to accelerate the adoption of blockchain technology around the world, leveraging the global influence of the F1 Red Bull Racing team and its huge fan base to bring digital finance, Web3 and blockchain solutions to a wider audience.<br/> Disclaimer: This content does not constitute any offer, solicitation or recommendation. Please note that Gate.io may restrict or prohibit the use of all or part of the Services from restricted regions.</p>
2025-01-26 00:13:13
Polymarket was questioned by users for predicting the TikTok ban and accused of manipulating the results
<p>Odaily News Polymarket predicted that &quot;TikTok will be banned in the United States before May 2025&quot; and the result was &quot;yes&quot;. This decision caused controversy among users, who accused Polymarket of manipulating the results. The transaction volume of this event reached 120 million US dollars.<br/> On January 19, the ban took effect and TikTok displayed a message to users saying that the app would no longer be accessible.<br/> However, just one day later, TikTok announced that it would retain access for another 75 days following the intervention of President Trump, who temporarily suspended the ban in order to negotiate a deal with ByteDance.<br/> This caused confusion among Polymarket users, who believed TikTok had not been effectively banned because it was still available to most Americans.<br/> Polymarket relies on UMA’s Optimistic Oracle (OO) to resolve its prediction market outcomes. The OO provides preliminary results for disputes, which can be escalated to UMA’s Data Verification Mechanism (DVM) if a dispute occurs.<br/> In this case, the DVM process was bypassed and the market resolved directly to “yes,” leading to allegations of manipulation.<br/> This is not the first time Polymarket has faced criticism. In May 2024, Polymarket users questioned UMA’s resolution on the Ethereum ETF prediction market.<br/> In June 2024, amid outrage over Barron Trump’s alleged involvement in the Meme Coin market, Polymarket overturned UMA’s decision and refunded funds to users who objected to UMA’s ruling. (Cointelegraph)<br/></p>
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