{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026072407",
  "record_slug": "microstrategy-bankruptcy-before-2027-polymarket-4-2026-07-24",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-07-24T00:00:00.000Z",
  "semantic_title": "MicroStrategy bankruptcy before 2027 stays a long shot at 4 percent",
  "telemetry": "Polymarket 4%",
  "headline": "MicroStrategy bankruptcy before 2027: Polymarket 4%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-07-28",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-5164WKTMF7",
  "target_event_slug": "will-microstrategy-announce-bankruptcy-before-2027",
  "event_question": "Will MicroStrategy announce bankruptcy before 2027?",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "polymarket",
    "platform_market_id": "0x618179e144fb28458cbad29f2b30ea212dfbf9907bcfdf5d41e869aa0f085b51",
    "question_raw": "Will MicroStrategy announce bankruptcy before 2027?",
    "current_price": 0.04,
    "volume_24h_usd": 0,
    "arbitration_model": "uma_oracle",
    "resolves_at": "2026-12-31T00:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Polymarket prices only a 4% chance MicroStrategy announces bankruptcy before 2027.",
    "News of broad bitcoin treasury company distress and forced selling is consistent with stress in the sector, but Polymarket at 4% shows the market does not yet see MicroStrategy specifically as a bankruptcy candidate.",
    "A companion Polymarket contract puts a major centralized exchange insolvency in 2026 at 5%, suggesting the market treats structural crypto-firm failures as low-probability across the board.",
    "Resolution via Polymarket UMA oracle triggered by an official MicroStrategy bankruptcy filing or announcement."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "coindesk.com",
          "source_url": "https://www.coindesk.com/markets/2026/07/24/bitcoin-treasury-companies-sell-up-repay-debt-pivot-to-ai-as-share-prices-collapse",
          "retrieved_at": "2026-07-25T09:42:27+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active polymarket market"
      },
      "story": "Bitcoin treasury companies including multiple Strategy-model firms are unwinding holdings, repaying debt, and pivoting to AI as falling share prices and debt obligations squeeze the DAT model.",
      "publisher": "coindesk.com",
      "published_at": "2026-07-24T00:00:00.000Z",
      "source_url": "https://www.coindesk.com/markets/2026/07/24/bitcoin-treasury-companies-sell-up-repay-debt-pivot-to-ai-as-share-prices-collapse"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Polymarket at 4% shows the market is not pricing MicroStrategy as a meaningful bankruptcy risk despite sector-wide treasury model stress."
    }
  ],
  "sources": [
    {
      "label": "coindesk.com: Bitcoin treasury companies unwind holdings as the DAT model comes unde",
      "url": "https://www.coindesk.com/markets/2026/07/24/bitcoin-treasury-companies-sell-up-repay-debt-pivot-to-ai-as-share-prices-collapse",
      "published_at": "2026-07-24T00:00:00.000Z",
      "retrieved_at": "2026-07-25T09:42:27+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "polymarket_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/microstrategy-bankruptcy-before-2027-polymarket-4-2026-07-24/",
    "json": "https://clearmarket.fyi/signals/microstrategy-bankruptcy-before-2027-polymarket-4-2026-07-24.json"
  },
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "_provenance_registry": {
    "direct": "Unaltered extraction from primary venue/source API (e.g., polymarket_clob_api, kalshi_api, BLS, FRED). Highest trust tier.",
    "mediated": "Information fetched via grounded agentic retrieval (e.g., perplexity_grounded). MUST carry source_url to the underlying primary source.",
    "derived": "Algorithmic computation from listed inputs. Chain only as fresh as the oldest input timestamp (see as_of).",
    "editorial": "Interpretive classification produced by a versioned LLM prompt template (prompts auditable in github.com/JDSource/clearmarket/prompts)."
  },
  "_provenance_canonical": "https://clearmarket.fyi/schema/provenance/v1"
}