Traders have filed a lawsuit against Polymarket contesting the platform’s resolution of a prediction market tied to Strategy’s bitcoin sale. The dispute centers on whether the market is correctly resolved as “No” rather than “Yes.” According to the plaintiffs, Polymarket rules the outcome as “No” despite Strategy’s SEC filing indicating it sold bitcoin during a specified period—reported as 32 BTC between May 26 and May 31. The traders allege that Polymarket’s decision effectively reverses their position, turning what they describe as a winning “Yes” bet into a losing one. Several reports describe the plaintiffs’ claim that Polymarket introduced or applied additional conditions or a rule after the market was already set, which they say was not properly disclosed at the time of betting. The sources agree that the lawsuit challenges Polymarket’s resolution methodology for the Strategy bitcoin sale market and seeks recourse related to the outcome of the trade.
Traders sue Polymarket over disputed resolution of Strategy bitcoin sale market
Traders have filed a lawsuit against Polymarket contesting the platform’s resolution of a prediction market tied to Strategy’s bitcoin sale. The dispute centers on whether the market is correctly reso...
- Traders sue Polymarket over how it resolved a Strategy bitcoin sale prediction market.
- The market is resolved as “No,” according to the plaintiffs’ account.
- Plaintiffs point to a Strategy SEC filing indicating 32 BTC were sold between May 26 and May 31.
- Plaintiffs allege Polymarket added or applied a rule after the fact, changing a “Yes” bet from winning to losing.
The plaintiffs say Polymarket added a rule after the fact, turning their winning "Yes" bet on Strategy's Bitcoin sale into a loss.
3 hours agoPlaintiffs allege Polymarket wrongly resolved the market as "No" despite Strategy's SEC filing disclosing it sold 32 BTC between May 26 and May 31.
6 hours ago
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