A significant dispute has emerged on Polymarket regarding whether Strategy, a prominent Bitcoin treasury firm, sold any Bitcoin by the May 31 deadline. This market, which has seen over $50 million in trading volume, is currently undergoing a final review following two challenges to proposed “No” resolutions by users.
On Monday, Strategy—previously known as MicroStrategy—announced that it had sold 32 BTC, valued at approximately $2.5 million, between May 26 and May 31. However, this announcement came on June 1, creating confusion and leading to disputes among traders about the market’s outcome, which rules state that the focus is strictly on sales occurring within the designated timeframe.
Currently, the market shows a 99.9% leaning toward “No,” indicating that most participants believe Strategy did not sell BTC within the period in question. “Yes” shareholders have expressed their frustration, with one user, identified as Voidofhype, emphasizing that the market’s rules clearly specify the need for sales to occur within the established timeframe, not just confirmation of sales afterward.
Due to the dual disputes over the proposed resolutions, the final decision now requires a vote from UMA tokenholders, who are associated with the UMA oracle behind Polymarket’s decentralized prediction framework. Historical precedents show that previous market disputes have followed a similar resolution path, exemplified by a noteworthy situation last year regarding Ukrainian President Volodymyr Zelenskyy’s attire during a specific period.
The market’s rules stipulate that the review could take up to two days, during which Polymarket has stated that it cannot impose a decision but can offer contextual information for UMA voters to consider. A recent update reiterated that no information from Strategy or any credible sources confirmed a sale within the contested timeframe, stressing that confirmations made after the deadline do not hold relevance.
In contrast, earlier markets about whether Strategy would sell BTC by June 30 and December 31 had resolved in favor of “Yes” without controversy. As traders await the decision on the May 31 market, all eyes are on the UMA vote that could ultimately determine the outcome of this highly scrutinized prediction event.
