Polymarket Traders Lose $2.7 Million on Premier League Upsets
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Two Polymarket traders lost a combined $2.7 million after Manchester City and Chelsea were beaten by underdogs, according to Bitcoin.com News.
Two traders on prediction market platform Polymarket suffered combined losses of $2.7 million after backing Manchester City and Chelsea in Premier League matches, Bitcoin.com News reported.
Both clubs lost to opponents considered underdogs, leaving the traders with seven-figure losses on their positions.
The report identified one trader as 3edmond.dantes, who bought positions ahead of Manchester City's match at Villa Park. Those purchases took place between 10:33 UTC and the scheduled 11:30 UTC kickoff.
Source: Bitcoin.com News
