Dispute Arises Over Strategy's Bitcoin Sale and $14 Million Betting Market on Polymarket
Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket

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A recent bitcoin sale by Strategy (formerly MicroStrategy) has ignited a $15 million betting dispute on Polymarket. Bettors are divided over whether transactions executed between May 26 and May 31 count toward a May 31 deadline, with the contract currently showing 81% support for 'Yes'.
- 01Strategy's 8-K filing disclosed the sale of 32 bitcoin between May 26 and May 31, but was issued on June 1.
- 02The prediction market on Polymarket has drawn about $24.7 million in volume, with the May 31 market alone at $14.65 million.
- 03Bettors are split, with 'Yes' supporters citing onchain timestamps, while 'No' supporters argue the lack of prior public disclosure invalidates the sales.
- 04The June 30 and December 31 contracts are currently priced at 100% 'Yes' since the disclosure.
- 05UMA's optimistic oracle will make the final determination on the betting dispute.
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The recent bitcoin sale by Strategy, disclosed in an 8-K filing on June 1, has led to a significant $15 million betting dispute on Polymarket. Bettors are currently divided over whether trades executed between May 26 and May 31 should count towards a May 31 deadline. The contract is currently sitting at 81% support for 'Yes'. Proponents of the 'Yes' position argue that the onchain timestamps and the filing confirm the sale occurred before the deadline, while opponents contend that the lack of public disclosure prior to June 1 invalidates the trades. The total volume for the contested contracts has reached approximately $24.7 million, with the May 31 market alone accounting for $14.65 million. Meanwhile, contracts for later dates are priced at 100% 'Yes'. The final resolution will be determined by UMA’s optimistic oracle, which typically reviews disputes over a two-day period.
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