Polymarket has settled its disputed prediction markets on Strategy's Bitcoin sale, ruling the May contract No and the June contract Yes. The decision followed a vote by UMA token holders.
The resolution came after Strategy disclosed in a June 1 filing that it sold 32 Bitcoin between May 26 and May 31. Traders who bet Yes on the May market argued the sale met the deadline, but UMA voters determined that only the public disclosure date mattered. Large UMA holders drove the outcome. Wallets including borntoolate.eth cast 3.11 million voting weight for No, while Kevin Chan and other major holders added over 3.5 million more. These votes exceeded the Yes side by more than 25 times. Galaxy Research, which held exposure to the May contract, objected to the result. The firm stated that Strategy's SEC filing confirmed the sale occurred in May and that the market criteria should have led to a Yes resolution. The June contract resolved Yes because the disclosure took place during that month.
