🚨 IS THIS POLYMARKET'S MOST CONTENTIOUS RESOLUTION EVER? On June 1, Strategy officially disclosed it had sold 32 $BTC between May 26,31, its first #Bitcoin sale in over three years. Traders immediately piled into 'YES' shares on Polymarket's "Will Strategy sell #Bitcoin before May 31?" market, sending them above 80¢ as the outcome appeared all but confirmed. However, the outcome was later steered toward "NO" after Polymarket added a late clarification stating that confirmation of the sale had to occur within the market's timeframe- a condition that was not part of the original rules. The controversy deepened when the market remained unresolved even after Strategy's 8-K disclosed the sale, with traders claiming large UMA holders accumulated significant 'NO' positions while the dispute remained open. One trader, BTCBeliever21, says he accumulated 200,000 YES shares for roughly $15,000 and watched the position peak above $150,000 before the market resolved against him. He is joined by all 'YES' holders who argue that the contract asked whether Strategy will sell #Bitcoin before May 31 and not whether the sale will be publicly disclosed before May 31. #crypto

BTC-4.53%
UMA-1.52%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned