Woofun AI reports that William Wood and Thomas Bush have filed a lawsuit in New York State against entities associated with Polymarket and CEO Shayne Coplan. The plaintiffs allege improper settlement procedures in the market asking "Will Strategy sell Bitcoin before May 31, 2026?" The complaint asserts that an 8-K filing submitted by Strategy to the SEC confirmed the sale of 32 BTC, which should have triggered a "Yes" settlement.

However, Polymarket ruled the outcome as "No" and subsequently issued a clarification that altered the judgment criteria.