Polymarket Resolves May Bitcoin-Sale Contract as No, June Contract as Yes After UMA Vote on Disclosure Date
UMA token holders voted that Strategy's June 1 disclosure date determined contract resolution. The May 31 market resolved No and the June 30 market resolved Yes.
CoinDeskPolymarket resolved its May 31 bitcoin-sale contract as No and its June 30 contract as Yes after UMA token holders determined that only the June 1 public disclosure date mattered. Strategy sold 32 bitcoin between May 26 and May 31 and disclosed the transaction in a June 1 filing. The dispute centered on whether the sale should count toward the May 31 deadline.
UMA token holders serve as the dispute-resolution layer for Polymarket's oracle system. Voters ruled that Strategy's June 1 disclosure counted for the June contract. A small group of large UMA holders swung the vote toward No.
11 million voting weight for No.
Several wallets affiliated with Risk Labs voted No. Galaxy Research had significant exposure to the May contract. Galaxy Research stated on X: "Strategy's SEC-filed Form 8k explicitly stated that Strategy sold between May 26–31.
Strategy's bitcoin sale was the first in more than three years. m.
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