Polymarket's $15 million controversy is too classic—document date vs. actual settlement date, seasoned crypto veterans instantly understand this time difference arbitrage

CryptoWorld News reports that Michael Saylor’s strategy involved selling $2.5 million worth of Bitcoin in his first public Bitcoin sale, which led to a $15 million dispute over resolution on Polymarket. While the sale was announced in a June 1 filing, the actual disposal occurred at the end of May. Bettors are now split on whether the sale carried out between May 26 and May 31 should count toward the prediction market’s May 31 deadline. The contract currently shows an 81% “Yes” option and is marked as “Under Review.” The dispute with this contract is that although the Bitcoin sale happened between May 26 and May 31, the 8-K filing was submitted on June 1. Now, bettors holding the “Yes” contract believe that, under the resolution rules, this bet should work in their favor.