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On June 2nd, Strategy disclosed that it sold 32 BTC last week, triggering settlement disputes on a prediction market on Polymarket with over $75 million in trading volume. The market was: Will Strategy sell any Bitcoin before May 31st? Traders could choose "Yes" or "No." On Monday, Strategy revealed in a filing with the SEC that it sold 32 BTC between May 26 and May 31, earning about $2.5 million, to support allocations related to its preferred stock issuance. This is Strategy's first disclosure of Bitcoin sales since December 2022.
Supporters of a "Yes" settlement believe the SEC filing clearly shows the sale occurred before the deadline; supporters of a "No" settlement argue that the relevant information was not publicly available at market close and should therefore be settled as "No." The market had previously settled twice as "No" and received two objections, currently in the final review stage. Polymarket later added a note on the page stating, "Confirmation obtained outside the market time frame does not qualify," seemingly leaning toward a "No" settlement. Such disputes have long been a challenge for prediction market platforms, which must determine whether the outcome is based on the event occurring or the evidence becoming publicly available.
According to the Polymarket page, the probability of "Yes" for the event "Will Strategy sell any Bitcoin before May 31st" has dropped to 1%. #成长值抽奖赢金条