Polymarket Users Upset as Strategy Sale Market Declares 'no

WHO:

Cointelegraph - Polymarket users, traders, Strategy, UMA token holders, Galaxy Research, borntoolate.eth, Kevin Chan, Risk Labs.

WHAT:

Cointelegraph - A Polymarket contract regarding whether Strategy sold Bitcoin by May 31 resolved to 'no'.

CoinDesk - Strategy sold 32 bitcoin between May 26 and May 31.

CoinDesk - The June contract resolved 'Yes' because the transaction became public in June.

CoinDesk - The four largest No voters controlled nearly 7 million voting weight, more than 25 times the entire Yes side.

WHERE:

CoinDesk - The dispute occurred on Polymarket, a decentralized prediction market platform.

WHEN:

CoinDesk - The sale of 32 bitcoin occurred between May 26 and May 31.

CoinDesk - The transaction was publicly disclosed on June 1.

WHY:

CoinDesk - Traders argued that the sale should count because it occurred before the deadline, while others contended it should not count since it was not publicly disclosed until June 1.

CoinDesk - Galaxy Research criticized the resolution, stating that the market's criteria should focus on when the sale occurred, not when it was announced.

HOW:

CoinDesk - The dispute resolution was led by UMA token holders, who voted on the outcome.

CoinDesk - The largest vote came from borntoolate.eth, which cast 3.11 million voting weight for 'No'. Other major No votes included Kevin Chan with 1.53 million voting weight.

(UPDATED June 4, 2026 19:44 UTC)

A recent dispute on the decentralized prediction market platform Polymarket centered around whether Strategy sold Bitcoin by May 31, ultimately resolving to 'no' despite the sale of 32 Bitcoin occurring between May 26 and May 31. The resolution was heavily influenced by the four largest No voters, who collectively controlled nearly 7 million voting weight, far surpassing the Yes side, and the outcome was criticized by Galaxy Research for focusing on the public disclosure date rather than the actual sale date. The voting process was led by UMA token holders, with notable contributions from borntoolate.eth and Kevin Chan, who cast significant weights against the sale counting.