Strategy’s Bitcoin sale causes clash for $80M in Polymarket bets
Summary
Polymarket users are disputing a market over whether Strategy sold Bitcoin by May 31 after more than $80 million was wagered. Strategy disclosed in a filing that it sold 32 BTC between May 26 and May 31, but the filing was released on June 1, so Polymarket resolved the market to “No.” Polymarket said only confirmation disclosed within the market’s timeframe counts, and that outside confirmation does not qualify. Many users criticized the result as overly technical. A second dispute is still pending, with a final decision due Wednesday; if no statement is made by then, the order book will be cleared. Bitcoin fell after the sale was reported, then partially recovered.
