A single gambler on prediction market platform Polymarket lost $4.2 million on World Cup bets in less than one day, highlighting the massive stakes involved in the soccer tournament, which is expected to become the largest sports gambling event in history.
Inc reports that the anonymous trader, operating under the pseudonym FlickRaw, suffered consecutive losses on Sunday and Monday after placing multi-million dollar bets on Netherlands and Belgium matches that ended in disappointing draws. The significant losses occurred within the trader’s first week on the platform, raising eyebrows across the sports betting community.
The betting saga began…
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