PPP prediction market tracking data shows that a wallet already sitting on a $100,000 loss opened a new $50,000 position on Cloud9, or C9, to beat KC in the "League of Legends S16 World Championship Play-In: C9 vs KC" market. The wallet address identified was 0x8a8685a792c184e5c2ee8c7d4d4baba7c2c94998. The position was opened at an average entry price of 32 cents, with a total purchase size of 156,250.0 shares.
The match is scheduled to begin at 2:00 on October 16 and will be played as a best-of-five series. The winner advances to the winners' bracket final and will face the winner of FURIA vs MVK. The losing side drops to the lower bracket, where one more loss would mean elimination. According to the event details, the Play-In stage features four teams across six BO5 matches, and only one team will advance to the Swiss stage as the fourth seed.
PPP prediction market tracking data showed that in the "League of Legends S16 World Championship Play-In: C9 vs KC" market, a wallet already down $100,000 bought $50,000 worth of contracts backing C9 to defeat KC.
The wallet address was 0x8a8685a792c184e5c2ee8c7d4d4baba7c2c94998. The position was opened at an average price of 32 cents, with 156,250.0 shares purchased.
Match timing and format
The match is set to start at 2:00 on October 16. It will be played in a BO5 format. The winner will advance to the winners' bracket final and wait for the winner of FURIA vs MVK. The loser will fall to the lower bracket and will be eliminated with one more defeat.
Play-In structure
The Play-In stage features four teams and six BO5 series in total. Only one team will move on to the Swiss stage, where it will enter as the No. 4 seed.
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