New Wallet Profits $9.06 Million on Polymarket Bet Against Spain Win

New Wallet Profits $9.06 Million on Polymarket Bet Against Spain Win

N
News Editor
2026-06-16 00:55:07
According to on-chain analyst Yu Jin, Spain drew with Cape Verde at 00:00 today. A new wallet spent $4.22 million on Polymarket betting that Spain would not win and that Cape Verde would win under a -2.5 handicap, turning the position into $13.28 million.
PolymarketSpainCape VerdeYu JinWhale Movement

Odaily reported that, according to monitoring by on-chain analyst Yu Jin, the match between Spain and Cape Verde at 00:00 today ended in an unexpected draw. The result delivered a large payout to a new wallet that had placed its bet on Polymarket.

The monitored wallet spent $4.22 million on Polymarket. Its wager covered two outcomes: Spain would not win the match, and Cape Verde would win under the -2.5 handicap condition. After the game finished level, those positions paid out.

The $4.22 million stake ultimately became $13.28 million, producing a profit of $9.06 million. As stated in the Odaily headline, the wallet made a profit on its first recorded bet, with the gain tied directly to the Polymarket market around the Spain versus Cape Verde match result.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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