According to ChainCatcher, court documents from New York State show that William Wood and Thomas Bush have sued Polymarket-related entities and CEO Shayne Coplan, among others, alleging incorrect settlement of the market “Will Strategy sell Bitcoin before May 31, 2026?” The complaint states that Strategy’s filed 8-K form with the SEC disclosed the sale of 32 BTC during the relevant period, which should have been sufficient to warrant a “Yes” settlement. However, Polymarket ultimately ruled it as “No,” and is accused of later issuing a “clarification” that altered its settlement criteria.
Users Sue Polymarket Over Dispute Regarding Bitcoin Sale Market Settlement
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Summary
William Wood and Thomas Bush have sued Polymarket and CEO Shayne Coplan over a dispute regarding the settlement of a Bitcoin market. The case concerns a market tied to Strategy’s Bitcoin sale prior to May 31, 2026, which Strategy’s SEC Form 8-K disclosed as 32 BTC. The plaintiffs argue the market should have settled as “Yes,” but Polymarket ruled “No” and later issued a “clarification.” This occurs amid ongoing concerns related to counter-terrorism financing (CTF) and recent discussions surrounding Bitcoin ETF approvals.
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