Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale
Strategy’s first bitcoin sale in over three years triggered a Polymarket dispute over a May 31 deadline. Strategy disclosed on June 1 that it had sold 32 bitcoin between May 26 and May 31, but bettors disagreed on whether the sale counted for the May market since the public filing came after the cutoff. UMA token holders, who arbitrate Polymarket oracle disputes, ruled No for the May contract and Yes for the June contract, meaning May Yes bettors lost despite the sale occurring in late May. The outcome was driven by a few large UMA holders, including borntoolate.eth and several Risk Labs-linked wallets, raising concerns about whale influence in decentralized governance. Galaxy Research criticized the ruling, saying the resolution should have focused on when the sale happened, not when it was disclosed.
