Polymarket traders sue over disputed bet on Strategy's May BTC sale

Two Polymarket traders have filed a lawsuit against the platform over its decision on a prediction market regarding Strategy's (MSTR) Bitcoin sales in May, The Block reported. The two plaintiffs filed a complaint in a New York court on July 3, accusing several Polymarket executives of breach of contract and deceptive practices. They had bet "Yes" on whether Strategy would sell BTC by May 31. Although Strategy later disclosed it had sold 32 BTC between May 26 and May 31, Polymarket allegedly added a clause after the bet was placed requiring public confirmation by the deadline. Polymarket ultimately settled the market as "No," reasoning that Strategy's disclosure occurred after May 31. The plaintiffs argue that changing the conditions retroactively violates the platform's core terms and are seeking damages. Polymarket has not commented on the lawsuit.