Polymarket Trader With Over $1 Million Profit Buys $300,000 Hornets Position
The bet was placed at an average entry price of 58 cents on the Hornets to beat the Magic in the NBA play-in game, with the winner taking the Eastern Conference No. 8 seed.
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Terms & Concepts
- Polymarket: A crypto-based prediction market where users trade shares tied to real-world event outcomes.
- Prediction market: A marketplace where traders buy and sell contracts whose value depends on the result of a future event.