A high-stakes prediction market on Polymarket asking whether Strategy would sell Bitcoin by May 31 is headed for a disputed vote. The firm did sell 32 BTC worth $2.5 million between May 26 and 31, but its announcement came on June 1. This timing has created a conflict between “Yes” and “No” shareholders, sending the resolution to a vote by UMA tokenholders.
A prediction market on Polymarket with over $50 million in volume is under dispute following Strategy‘s first Bitcoin sale since 2022. The market asked if the firm would sell any BTC by the end of May, but its announcement confirming the sale came after that date.
Strategy sold 32 BTC worth $2.5 million between May 26 and May 31. The firm’s announcement, however, was made on June 1, the day after the market’s stated timeframe ended.
This has led to two disputed “No” resolutions, with “Yes” shareholders arguing the rules concern the action, not its public confirmation. “The rules of this market are very clearly ‘Did they sell within the timeframe’ and not ‘Is there confirmation they sold within the timeframe,’” a user posted.
The dispute triggers a final resolution vote by holders of the UMA oracle token, as stated in the platform’s rules. A similar process resolved a previous controversial market concerning Ukrainian President Volodymyr Zelenskyy’s attire.
Polymarket provided context for voters, noting confirmation arrived outside the market’s window. “No information from MSTR, on-chain data, or consensus of credible reporting confirmed that MicroStrategy sold Bitcoin within the market’s timeframe,” an update said.
Markets for Strategy sales by June 30 and December 31 have already resolved “Yes” without issue. The outcome for the May 31 market now rests with the UMA community vote.
