Polymarket Trader With $640,000 Profit Builds $490,000 Knicks Position
The account bought 707,559.7 Polymarket shares on the New York Knicks defeating the Atlanta Hawks, at an average price of 70 cents before the April 21 NBA playoff game.
Summary
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Terms & Concepts
Polymarket: A crypto-based prediction market platform where users buy and sell shares tied to real-world event outcomes.
Prediction market shares: Contracts that reflect the market-implied probability of an event, with prices typically ranging between 0 and 1 dollar.