Anonymous Polymarket trader nets $9M profit betting against Spain in World Cup draw
By
Shaurya Malwa
You can taste the rush. The dough hadn't risen.
Summary
A mysterious new Polymarket trader turned approximately $4 million into a $9 million profit by betting against Spain in their World Cup match that ended in a 0-0 draw. The trader's wallet redeemed about $4.7 million on the Spain market and $8.5 million on the spread. In contrast, another trader named 'betoor619' lost nearly $1 million betting on a Spain win when the market priced Spain at 92% odds. The anonymous account had no prior trading history, leading onchain sleuths to question whether the trade was luck or based on inside information.
Key quotes
· 4 pulledThe wallet redeemed about $4.7 million on the Spain market and $8.5 million on the spread, per its public trading record, for a one-day profit of roughly $9 million.
The bettor had put almost $1.1 million on a Spain win when the market priced the favorite at about 92%.
Had Spain won, the payout would have been only about $85,000, the thin reward typical of betting on near-certain outcomes.
A days-old account turned about $4 million into a $9 million profit betting against Spain, an anomaly trade that onchain sleuths are asking whether it was luck or inside information.
You might also wanna read
Crypto gambler profits $436,000 on Maduro capture bet just before official announcement
A crypto gambler made $436,000 by betting on Polymarket that Venezuelan President Nicolás Maduro would be out of power by the end of January
bbc.com·5mo agoSpain blocks prediction markets Polymarket, Kalshi over lack of gambling licence
Suspicious betting patterns on US-Iran ceasefire raise insider trading concerns
Experts have identified suspicious betting activity on the Polymarket platform where eight newly created accounts placed nearly $70,000 in b
theguardian.com·2mo ago
Analysis of Wash Trading Patterns on Polymarket Prediction Markets
The article examines suspicious trading patterns on Polymarket, a prediction market platform, where a trader executed rapid buy-sell transac
rajivsethi.substack.com·5mo ago