Polymarket's $50M Strategy-bitcoin-sale market goes to a UMA tokenholder vote, putting the optimistic-oracle architecture itself on trial.

Polymarket users are waiting for a resolution on whether Strategy's Bitcoin sale took place before the end of May—with over $50 million bet so far.

Polymarket's $50M Strategy-bitcoin-sale market goes to a UMA tokenholder vote, putting the optimistic-oracle architecture itself on trial.

Polymarket is facing continued backlash from traders who bet on "Yes" in a market asking whether Strategy would sell any bitcoin by May 31.

The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.

UMA voters ruled that Strategy's June 1 disclosure counted for the June contract, even though the company said it sold bitcoin during the final week of May.

The Polymarket event contract on whether Strategy would sell Bitcoin by May 31 resolved to “no” after the second round of disputes, raising concerns over the platform’s…