Strategy's Sale of 32 Bitcoin Triggers $20M Polymarket Settlement Dispute Over May 31 Deadline

BTC-3.64%
According to The Block, Strategy's sale of 32 Bitcoin between May 26-31 sparked a dispute over a $20 million+ prediction market on Polymarket that was set to settle based on whether the firm would sell its holdings by May 31. Strategy disclosed the sale in SEC filings on June 2, after the market's closing deadline, triggering conflicting claims: one party argued the sale occurred before the deadline; the other contended that undisclosed information at market close should trigger a "no" settlement. The market has been ruled "no" twice with subsequent appeals and now faces final review, raising a core debate in prediction markets whether settlements should be based on event timing or evidence disclosure timing.
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