Polymarket users cry foul after Strategy sale market resolves to ‘no’

Written by Zoltan Vardaistaff writerReviewed by Bryan O'Sheastaff editorWritten by Zoltan Vardaistaff writerReviewed by Bryan O'Sheastaff editorPolymarket users cry foul after Strategy sale market resolves to ‘no’Latest NewsPublishedJun 4, 2026A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count.A disputed Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to “No” after two dispute rounds, despite Strategy later disclosing that it sold 32 BTC during the market’s covered window.UMA Optimistic Oracle (UMA) token holders voted to settle the market in “no” following a second resolution cycle that closed at 12:34 am UTC on Thursday, blockchain data shows. An overwhelming 98.6% of the 607 participants voted for the market to resolve in “no,” while only 1.4% voted “yes,” data from Betmoar shows.Polymarket said that no information, onchain data or credible reporting confirmed a Strategy sale within the market's timeframe, adding that confirmation achieved “outside of the market's time frame does not qualify.” Strategy sold 32 BTC between May 26 and May 31, but disclosed the sale in a Monday filing, after the market’s deadline.The resolution adds to concerns about Polymarket's token-weighted dispute resolution system, where the wallets with the largest UMA token holdings have proportionally more voting power. Multiple users cried foul, arguing that the market should have resolved based on when the sale occurred rather than when it was confirmed. One unfortunate trader reported a $500,000 loss tied to their event contract. Over $80 million had been wagered on whether Strategy would sell Bitcoin by May 31, Cointelegraph reported on Tuesday.Polymarket dispute on Strategy selling Bitcoin by May 31. Source: Betmoar“Prediction markets should price what happens, not how the oracle will reinterpret rules after the fact,” as resolution integrity “trumps any single outcome,” said Galaxy…

Polymarket users cry foul after Strategy sale market resolves to ‘no’

Coins in this story

Related stories

Moomoo expands into prediction markets through Kalshi partnership

Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war

Standard Chartered's three 'Ifs' that stand between bitcoin and a market low