willo2

I was just scammed for $500K by Polymarket. I am "willo2", the top holder of YES on "MicroStrategy sells Bitcoin by May 31st". Here's what happened:

@intern52 Thank you brother

i support this guy

Guy with a $300k open position, a Polymarket badge, and monthly Polymarket payments wants you to know that Polymarket did nothing wrong

@ovxrpeer Absolutely. Polymarket massively fucked up by issuing the clarification. There's no way that they should be able to change the rules, but now UMA is forced to resolve in their favour as they must respect market rules regardless of when they are written.

ive been trading prediction mkts for a while and after that microstrategy situation on polymarket i felt like i had to say something ive seen tons of markets with strict deadlines in the rules, or ones that clearly say they will use new info after a certain number of days. ive also seen plenty get resolved using updated or changed information the filing came out on a monday, so there was no way they could have had a proper answer by the 31st. thats why the actual contract was supposed to end on june 1st at 11:59pm et, not the 31st its obvious this market cant resolve to yes. the people who bet big on no (polymarket larps) would lose heavy and it would mess up a lot of bond traders too. the most realistic outcomes are either resolving to no or everyone getting refunded its crazy how polymarket is willing to throw away so much trust and reputation for nothing

@amanwesley Thank you for the words brother. I appreciate the support and agree, this was a ridiculous precedent to set

A few questions about Polymarkets recent robbery for anyone who thinks the gamblers (it’s not trading) are at fault… If MSTR’s May 31st buy “didn’t happen” in thier eyes - why could you still bet “YES” on June 1st? If the market was resolved it should have been closed, simple. - is it verifiable on chain that MSTR sold bitcoin? Yes - did MSTR announce they sold by that date? Yes, they announced 3 days after So far we’ve confirmed, 1 -the market was open on 6/1 and 2-we can see on chain they sold by 5/31 and 3- MSTR also told us they did a few days after and 4-Polymarket themselves confirmed this with a tweet on 6/1 Lastly, Did their original wording align with their NO resolution? No Awful precedent they are allowed to set here that after a resolution happens they can just update the wording of the bet. I hate online gambling (especially prediction markets!) and think its ruining society, crypto and our culture but I still belive in fairness and contracts and hope to see @willow2_poly and others win this fight

@nrlntwrth exactly.

@willo2_Poly The most glaringly obvious issue is that if these were the rules all along, it should have been resolved at 12:00 June 1

The Mental Gymnastics required to believe that Polymarket made the right call are ridiculous. Polymarket, fix this.

@carlwheezor @Polymarket @Kalshi @pumpcade Absolutely. It's ridiculous to market themselves as a "truth market" while their employees are happy to deny reality

If @Polymarket resolves the MSTR sell BTC by end of May market that’s currently in dispute as no I’m moving to other venues without the UMA fuckery shoutout @Kalshi and @pumpcade. Not a whale, only pushed about 2.2m in volume thru the platform but still the facts are that MSTR sold before the end date and confirmed via SEC filing.

@theneetguy True

because ct has a memory of goldfish. the latest fiasco is not new. polymarket resolves markets wrong all the time. israel invasion of lebanon 2024 venezuela election zelensky suit market 2025 us invading venenzeula and now this microstrategy btc sell market. they call it spirit of the market. ambiguity is baked in. in a binary contract it is up to the issuer to clarify all the rules. if the rules are ambiguous issuer of contract is liable. anyone saying its uma's fault is gaslighting you. uma follows what polymarket says. uma is there for legal protection and scapegoating. there is no objective truth. the truth is what polymarket says its the truth. anyone defending polymarket is a paid shill, airdrop farmer or an investor. they have been banned from 30+ countries. they are offshore entity based in panama. good luck fighting them there. where you can hit them most is revenue. just stop using it. but you will forget about this in a week.

@JakeTheLarp @Polymarket Polymarket is a scam. Don't bother

Low liquidity is killing me, @Polymarket.

@HaileyLennonBTC Thank you Hailey, I appreciate the share

@willo2_Poly Agree

You’re tracking the price of bitcoin I’m tracking the legal arguments around Polymarket claiming the market was “No” on Saylor selling bitcoin by May 31 because MicroStrategy didn’t report by COB since it filed the 8K June 1 We are not the same

@Kaanha__ The argument for NO is basically that I just should have disregarded the rules, because it was "too good to be true". Polymarket should never allow people to have a "technical edge over people who simply read the rules" Because that's what rules are. Rules.

What a great read. I didn't trade the MicroStrategy's 31st May market because I'm not very familiar with these kinds of event contracts. But I did notice several experienced traders positioning heavily on the NO side rather than YES, which suggested there might be a technical angle favoring NO. A few hours later, that's exactly how it played out. I think the "Polymarket bias" narrative has some truth to it, not necessarily in the sense of markets being rigged for insiders, but in how certain edge-case resolutions have been handled historically. A great example from the article was the Trump–Mark Rutte phone call market. During the contract period, there was only a vague statement from Rutte saying they "had a conversation." Traders argued that was sufficient proof, but the market was disputed. While the dispute was ongoing, the FT and other outlets later confirmed the phone call had indeed happened. However, those confirmations were published one day after the contract expired, so the market correctly resolved to NO according to the rules, even though the event itself occurred. Traders who understood these kinds of precedent-based technicalities had a clear edge over newer participants who simply read the rules and concluded the market should resolve YES. That's not irrational. It's just that edge cases exist, and experienced traders know how to price them. The lesson is simple: be cautious before jumping to conclusions. Talking things through and understanding how similar markets were resolved in the past can save you a lot of money, or make you a lot.

@community_fist Exactly. Great read. People want transparency and integrity. Not political battles over technicalities. Polymarket is making a big mistake.

What's interesting is that the main arguments from supporters of resolving the MicroStrategy market as No are essentially: "Users could see that even after MicroStrategy announced the Bitcoin sale, the market was still trading at 60-80 cents rather than 99.5 cents, so they should have realized it was too good to be true." "There was a similar precedent years ago, so users should have known this is how Polymarket handles such situations." In other words, the conclusion is that "Yes buyers only have themselves to blame." When Polymarket embraces this line of reasoning, they're shooting themselves in the foot. You'll never attract millions of active users if successful participation requires studying thousands of historical markets, learning every obscure nuance of UMA resolution practices and understanding the entire internal politics of the Polymarket's "deep state." People want simplicity and transparency. Prediction markets are supposed to be entertainment first and foremost. If participating starts feeling like navigating House of Cards-style political intrigue, the whole thing will eventually collapse under its own complexity - just like every house of cards eventually does.

@feelingpoppish @blknoiz06 @carpetislate thank you for the share sir

@blknoiz06 @carpetislate Ansem, check out Wilo’s polymarket story. It's a good read, and you should provide your input on it. x.com/willo2_Poly/st…

lad whats this lad?

@gmoneyNFT Polymarket literally don't care about reality. They never were truth markets. Just a cheap bucketshop out to scam users for a few hundred K. People need to know.

These fake polymarket headlines are a lot less funny now that we know they might cite their fake headline to resolve a market incorrectly.

@sassy420_ @Polymarket Thank you Sassy, your support means a lot. Appreciate it. Hopefully Polymarket will do right by the users.

I will regain faith in the crypto space if @willo2_Poly gets refunded. @Polymarket do the right thing

@RuneCrypto_ To be fair the market that Polymarket cited as 'precedent' to steal from me also had $4000 volume. Lmao

volume was $5000 btw

@SkewDealer ogun thunderstrike your entire family, your village people, and anybody wey send you

A must read for everyone not agreeing with the Microstrategy clarification

@Earl_Of_Chester @SenBlumenthal my man.

@SenBlumenthal Take a look into this senator x.com/willo2_Poly/st…

CFTC Chair Selig’s testy effort to defend his turf seems pretty lame when his agency is failing to address prediction market problems. covers.com/industry/cftc-…

@Polygun_ Polymarket is a scam.

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