Polymarket sued by users over settlement disputes in the Strategy Bitcoin sale market

Court documents from New York State show that William Wood and Thomas Bush have sued entities related to Polymarket and CEO Shayne Coplan, accusing them of incorrect settlement in the "Will Strategy sell Bitcoin before May 31, 2026?" market.

The lawsuit states that the 8-K filing submitted by Strategy to the SEC disclosed the sale of 32 BTC during the relevant period, sufficient to prove that the market should settle as "Yes," but Polymarket ultimately determined it to be "No," and was accused of subsequently issuing a "clarification" that changed the criteria for judgment.