Prediction-Market Trader Earns $8.47 Million on World Cup Bets in Single Day
By
Shiraz Jagati
Summary
A prediction-market trader earned $8.47 million in a single day betting on FIFA World Cup matches, according to blockchain analytics firm Lookonchain. The trader created a fresh wallet and placed $7.19 million on Sweden to win and Japan not to win their match, which ended 1-1 and paid out $4.38 million. They then staked $2.26 million on Ecuador to beat Germany, bringing the day's total profit to $8.47 million.
Source
bskyPrediction-Market Trader Earns $8.47 Million on World Cup Bets in Single Daynews.bitcoin.comKey quotes
· 4 pulledA prediction-market trader earned $8.47 million in a single day betting on the FIFA World Cup.
The trader created a fresh wallet a day earlier and placed $7.19 million on Sweden to win and Japan not to win their match.
The game ended 1-1, a result that paid out and earned the trader about $4.38 million.
The same trader then staked $2.26 million on Ecuador to beat Germany, with the combined day's haul reaching $8.47 million.
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