In a stunning upset on July 10, 2026, European esports powerhouse G2 Esports defeated Korean giants Gen.G in two consecutive League of Legends matches, dramatically reshaping the odds on the decentralized prediction market Polymarket.
Odds Flip Dramatically
Before the match, Gen.G was heavily favored with a 96% chance of winning on Polymarket, while G2 sat at just 5%. After G2's back-to-back victories, Gen.G's odds dropped to 60%, and G2 surged to 40%. This shift not only highlights the unexpected turn of events but also generated massive paper profits for early G2 backers.
Mystery Account Sees $250K Unrealized Gain
On-chain data reveals that the account “bossoskil1” holds 316,592 shares of G2 victory prediction tokens. At current odds, the unrealized profit exceeds $250,000. The account's precise and timely bet has sparked speculation about whether it belongs to a seasoned esports analyst or an insider.
Outcome Still Uncertain
G2 now holds two match points in the best-of-five series, needing only one more win to claim victory. Gen.G must win three consecutive matches to reverse the situation, a daunting task. Despite Gen.G's history of comebacks, G2's momentum has left supporters anxious. Polymarket liquidity continues to flow in as the battle intensifies.
Prediction Markets and Esports Convergence
This event underscores the growing integration of decentralized prediction markets in esports. Unlike traditional betting, platforms like Polymarket offer higher transparency and lower barriers, attracting both crypto natives and esports fans. Indonesia recently blocked Polymarket over presidential betting, but its prediction activity remains robust.