Polymarket has upheld a "No" outcome in the final review of a controversial market asking whether Michael Saylor's Strategy would sell any bitcoin by May 31, fueling further backlash among traders on social media.
On Wednesday, the market concluded its final review in a UMA vote — a mechanism used to resolve disputed markets on the platform. About 98.6% of voting power supported a "No" outcome.
The event contract drew scrutiny after resolving to "No" twice previously, where both outcomes were subsequently challenged.
The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31, marking the firm's first bitcoin sale since December 2022. The company revealed the bitcoin sale in an 8-K filing on June 1.
Traders supporting a "Yes" resolution argued that the filing confirmed the sale occurred before the May 31 deadline specified by the market. Those backing the other side suggested that the information was not made public until after the market's deadline, and therefore, the market should resolve to "No."
