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Strategy Didn’t Sell Bitcoin in May, According to Polymarket


Strategy Didn’t Sell Bitcoin in May, According to Polymarket

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Polymarket finalized a controversial crypto prediction market on whether Strategy sold Bitcoin in May by resolving it to "No," even though executives and an SEC filing confirm the firm did sell BTC that month. The platform said confirmation arrived after the deadline, highlighting oracle and settlement-timing risks that could hurt trust, adoption and reputation for prediction markets and DeFi platforms.

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Polymarket has officially finalized one of this year’s most controversial events. It’s a prediction market on whether Strategy will sell Bitcoin in May, and it resolved to “No,” meaning that, according to the platform, the company didn’t sell BTC that month.

Here’s the kicker: the firm did sell BTC in May, as confirmed not only by its executives but also by an official filing with the US Securities and Exchange Commission. So what’s the reason for the resolution, you may ask? Well, the fact that confirmation came after the deadline. 

Read the article at CryptoPotato

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Coins

$ 63.82K

-2.69%

$ 0.00225

-12.3%

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View analytics →
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