Great question @kleinmannbur! As westonrenal says, the Oracle system is what makes sure the results which the smart contract bases its actions on are correct. Oracles are rewarded for providing accurate results and penalised for not. Generally, malicious actors on the platform will be penalised with a negative reputation and high dispute count, making people less likely to deal with them.
RE: MeVu Platform Overview: Representing the Evolution of Betting
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MeVu Platform Overview: Representing the Evolution of Betting