Polymarket sued by users over dispute regarding the settlement of Strategy's Bitcoin sell market
According to ChainCatcher, New York court documents show that William Wood and Thomas Bush have sued relevant Polymarket entities and CEO Shayne Coplan, accusing them of incorrect settlement in the "Will Strategy sell Bitcoin before May 31, 2026" market.
The complaint states that the 8-K document submitted by Strategy to the SEC disclosed their sale of 32 BTC during the relevant period, which is sufficient evidence that the market should have settled as "Yes." However, Polymarket ultimately determined the outcome as "No" and is accused of issuing a "clarification" afterwards to change the evaluation criteria.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold Fields said to weigh sweetening Northern Star bid with cash
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Crypto prices
More
