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A Polymarket contract that drew more than $60 million in trading volume is sitting in UMA's optimistic-oracle queue after two proposed "No" resolutions on the question "MicroStrategy sells any Bitcoin by May 31, 2026?" were challenged, sending the dispute to a token-weighted vote.
The trigger is a Strategy 8-K filed Monday that disclosed 32 BTC sold between May 26 and May 31 at an average net price of $77,135, the first disposal since 2022. The sale closed before the contract's 11:59 PM ET cutoff. The 8-K hit the wire on June 1. The contract is now reading 12c Yes / 89c No.
The dispute is being framed across Crypto Twitter not as an edge case but as a structural verdict on Polymarket's resolution stack. "UMA's token-voting model is structurally broken," analyst Eric Conner (@econoar) posted Monday. "Whales weaponize ambiguous rules to resolve Polymarket markets incorrectly and save their own positions. Zero legitimacy remains until deterministic settlement replaces it. This is exactly what Hyperliquid fixes with HIP-4."
