Two Polymarket traders have filed a lawsuit against the prediction market platform, accusing it of rewriting market rules after the fact to deny them a winning payout tied to Strategy’s Bitco
Two Polymarket traders have filed a lawsuit against the prediction market platform, accusing it of rewriting market rules after the fact to deny them a winning payout tied to Strategy’s Bitcoin sale. The complaint was filed in the New York Supreme Court on July 3 by William Wood and Thomas Bush, naming Polymarket CEO Shayne Coplan and chief marketing officer Matthew Modabber as defendants.
The market in question asked a simple question: would Strategy sell any Bitcoin by May 31? The Michael Saylor-led firm did exactly that, disclosing in a June 1 SEC filing that it sold 32 BTC between May 26 and May 31 for approximately $2.5 million, marking the company’s first Bitcoin sale since 2022.
