MicroStrategy BTC sale sparks dispute over $50M Polymarket bet

MicroStrategy's announcement that it sold a portion of its Bitcoin for the first time since 2022 has thrown a Polymarket prediction market into chaos, according to Decrypt. The dispute, which involves a pot exceeding $50 million, arose because the actual sale occurred before the May 31 deadline, but the official announcement came on June 1, after the market had expired. This has led to conflicting interpretations between "Yes" and "No" bettors. Polymarket has since added a clause suggesting it favors the "No" outcome, stating that facts not confirmed by on-chain data or credible reporting within the deadline are not recognized. "Yes" investors have strongly protested, calling the move a clear breach of contract. The final decision will now be determined by a vote among UMA token holders, the oracle underlying the Polymarket platform.