Blockchain analytics platform Arkham said the onchain address "gud.hl" had previously placed a $1 million bet on Argentina to win the World Cup. After Argentina defeated England, the position's unrealized profit reached $3.9 million, according to Arkham's tracking. If Argentina goes on to win the final, the address would make more than $12 million in profit. It is not yet clear whether the address will cash out early to lock in gains or keep the bet open until the final result is decided. The update was shared through Arkham's post linked in the source material.
According to Arkham, the onchain address "gud.hl" previously placed a $1 million bet on Argentina to win the World Cup.
After Argentina beat England, the address was sitting on $3.9 million in unrealized profit. If Argentina wins the final, the address would make more than $12 million in profit.
It remains unclear whether the address will cash out early to lock in gains or continue holding the position until the final is decided.
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