Polymarket has officially ruled out a predicted bitcoin sale in May while affirming a sale for June, following a decision by UMA token holders regarding a recent transaction by Strategy. This ruling stems from a dispute over whether the sale of 32 bitcoin, which occurred between May 26 and May 31, should be counted towards the May contract deadline or not. The controversy ignited when Strategy filed a public disclosure on June 1, detailing the sale. Traders who believed the sale took place before the May 31 deadline supported a Yes vote, while others argued the public announcement's date was the deciding factor. Ultimately, UMA voters sided with the latter view, leading to a No resolution for the May contract and a Yes resolution for June. This decision left many bettors disappointed, especially those who had wagered on the sale occurring by the end of May. The outcome was influenced by a small yet powerful group of large token holders, raising concerns about the governance dynamics within decentralized finance. Notably, the largest No vote came from borntoolate.eth, who contributed over 3 million voting weight, significantly outweighing the Yes votes. Galaxy Research, a firm with substantial stakes in the May contract, expressed disagreement with the decision on social media, arguing that the timing of the sale should have taken precedence over the disclosure date. They emphasized that Strategy's filing clearly indicated the sale occurred within the disputed timeframe, advocating for a resolution that favored their position. As the situation unfolds, it highlights the ongoing challenges and complexities within decentralized governance and prediction markets.