Two users have filed a lawsuit against Polymarket in New York regarding the resolution of a Strategy Bitcoin prediction market. The plaintiffs claim the platform altered its contract interpretation after the event concluded, withholding payouts for winning positions.
Resolution Dispute Details
The legal action centers on the settlement process for the specific cryptocurrency market. Participants initially placed bets based on the original contract wording provided by the platform. After the underlying event occurred, Polymarket applied a revised interpretation to determine the final outcome.This post-event adjustment led to the rejection of claims from users who held winning "Yes" shares. The affected traders argue that changing the resolution criteria after the fact violates standard market practices. The New York filing seeks to address the payout denial and the platform's handling of the contract terms.