A PPP prediction market account that had previously lost nearly $200,000 has placed a $103,000 bet on LGD to defeat NIP in the LPL playoffs. The account, identified as 0x7c37b52eb226bcb9411375ec48b0169663fb6aeb, purchased 282,529.9 shares at an average price of 36.5 cents. The match is a lower bracket quarterfinal of the LPL playoffs, scheduled for September 6 at 17:00, with a BO5 format. LGD currently leads NIP 2-1. Both teams are in the elimination bracket; the loser is eliminated, while the winner advances to face IG for a chance at the regional qualifier. This move highlights the use of prediction markets for esports events, as traders speculate on outcomes.
PPP, the prediction market, just flagged a huge wager on the LPL playoff series between LGD and NIP. And this one stands out. An account that had already dropped nearly $200,000 came back and put $103,000 on LGD to win.
The account picked up 282,529.9 shares at an average price of 36.5 cents.
This match is the lower bracket quarterfinal in the LPL playoffs, set for September 6 at 17:00, and it is a BO5. Right now, LGD is up 2-1.
The stakes are simple. The loser is out. The winner moves on to face IG for a regional qualifier spot.
Prediction markets such as PPP let traders bet on esports results. But this trade grabbed attention because of its size and because the account had already taken heavy losses before making it.
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