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$20M Polymarket dispute erupts over timing of Strategy's $2.5M bitcoin sale before May 31 deadline

Market News
01 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Strategy disclosed in an SEC filing that it sold 32 bitcoins for about $2.5 million between May 26 and May 31, sparking a $20 million dispute on Polymarket. The prediction market hinged on whether the bitcoin sale occurred before the May 31 cutoff, with the transaction happening before the deadline but the public filing released after market closure. This timing discrepancy has led to debates over whether Polymarket should settle based on the actual transaction date or the public disclosure date. The platform is now in its final review phase, with potential activation of a disputed market settlement process involving UMA token holder votes, raising concerns about governance and conflicts of interest.

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