$BTC Trump’s Bitcoin speech sparks $2.6m Polymarket dispute

Some Polymarket betters challenged the platform’s resolution of $2.6 million worth of wagers on Trump’s Bitcoin reserve pledge in Nashville.

Last weekend, former U.S. President and Republican candidate Donald Trump informed 20,000 Bitcoin BTC-3.64%Bitcoin 2024 attendees of plans to stop government selling if elected come November. The U.S. government is the largest geopolitical Bitcoin owner, with a trove of 183,000 BTC worth over $12.7 billion, per Arkham.

Polymarket judged that Trump’s remarks on retaining America’s BTC holdings would effectively create a strategic national Bitcoin stockpile. 

“For the purposes of this market, this suffices as Trump announcing a strategic bitcoin reserve. Thus, this market should resolve to ‘Yes’,” according to the Polygon-based decentralized prediction platform.