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Polymarket says No for May, Yes for June after Strategy’s recent bitcoin sale
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.
Jun 4, 2026, 7:50 a.m. 2 min read
What to know:
- Polymarket resolved its disputed bitcoin-sale prediction markets by ruling the May 31 contract No and the June 30 contract Yes, following a vote by UMA token holders.
- The dispute centered on whether Strategy’s sale of 32 bitcoin between May 26 and May 31 should count toward the May deadline, with UMA voters deciding that only the June 1 public disclosure date mattered.
- A small group of large UMA holders, including wallets linked to Risk Labs and prominent ecosystem participants, overwhelmingly swung the vote toward No, causing May bettors to lose despite the sale occurring in late May.
UMA token holders, who serve as the dispute-resolution layer for Polymarket’s oracle system, sided decisively with the latter view.
The resolution means bettors who wagered that Strategy would sell bitcoin by May 31 lost despite the company later disclosing the sale occurred during the final week of May. The June contract, meanwhile, resolved Yes because the transaction became public during June.
The result was driven by a handful of large token holders, which undercuts the core promise of decentralized finance where governance is democratized and not led by few whales.
