Polymarket Account Down Nearly $3 Million Buys $230,000 on Knicks Spread

A Polymarket account placed $103,000 on Bayern Munich to beat Paris Saint-Germain, as trading volume in the UEFA Champions League semifinal second-leg market reached $2.43 million ahead of the May 7 match.

Summary

A Polymarket account bought $103,000 on Bayern Munich to beat Paris Saint-Germain at an average entry price of 60.8 cents in the UEFA Champions League semifinal second-leg market. The market had reached $2.43 million in volume, and the match was scheduled for May 7 at 3:00 a.m. Beijing time at Allianz Arena. This adds a new large sports position to earlier reports of sizable NBA playoff wagers tied to the same account. Existing coverage also contains unresolved discrepancies about the account’s broader performance and some prior position sizes, with separate reports describing it as down nearly $3 million, down more than $2.8 million or above $1.1 million, and, in another case, as having more than $12 million in cumulative profit.

Terms & Concepts
  • Polymarket: A crypto-based prediction market where users trade shares tied to real-world event outcomes.
  • Average entry price: The mean price paid for a position accumulated through one or more purchases.