Polymarket hit with New York lawsuit over Strategy Bitcoin market
9 Articles
9 Articles
Polymarket hit with New York lawsuit over Strategy Bitcoin market
Polymarket has been sued in New York after two users alleged the prediction platform wrongly denied payouts on a Strategy Bitcoin market despite the company disclosing a Bitcoin sale in an SEC filing. According to a complaint filed in the…
Traders sue Polymarket over disputed Bitcoin market
Two Polymarket users have filed a lawsuit against the prediction market platform, alleging it changed the rules of a market after the outcome was known to avoid paying winning bets. The suit, which was lodged in the New York Supreme Court on July 3, has named Polymarket’s CEO Shayne Coplan and CMO Matthew Modabber as defendants. The plaintiffs, William Wood and Thomas Bush, have claimed that the company has committed breach of contract, fraud, u…
On July 3, traders William Wood and Thomas Bush filed a lawsuit against Polymarket in the Supreme Court of New York. The formal indictment imputes the prediction platform, its CEO Shayne Coplan and its CMO Matthew Modabber for alleged breach of contract and misleading practices. The legal conflict arose after the platform settled as "No" a binary bet on whether the company Strategy would sell Bitcoin before May 31, despite an official 8-K report…
Polymarket Lawsuit Over Strategy Bitcoin Market Tests Oracle Model ETHNews
Traders William Wood and Thomas Bush sued Polymarket and CEO Shayne Coplan in the New York Supreme Court. The dispute centers on a market that resolved “No” despite Strategy confirming a bitcoin sale in an SEC filing. UMA token holders voted 98.6% to reject the “Yes” outcome based on a late clarification added by Polymarket. The case could set a legal precedent for how decentralized platforms draft and enforce market rules. Two Polymarket trader…
Polymarket lawsuit: traders sue over Strategy market
Two traders have reportedly filed a lawsuit against Polymarket over the disputed resolution of a prediction market asking whether Strategy, the company formerly known as MicroStrategy, would sell any bitcoin in 2025. The legal challenge raises pointed questions about how crypto prediction platforms resolve contested outcomes. What Sparked the Legal Fight The lawsuit centers on a Polymarket event market titled “Will MicroStrategy sell any Bitcoin…
Traders Sue Polymarket, CEO Coplan Over Strategy Market Decision
Two Polymarket users sued the prediction-market platform, its holding entities and CEO Shayne Coplan in New York state court, alleging the site wrongly resolved a market on whether Strategy would sell Bitcoin. William Wood and Thomas Bush filed the complaint in the Supreme Court of the State of New... Read the full story at The Defiant
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