Polymarket Trader Places $200,000 Bet on Spurs in Western Conference Finals Game 5

A trader on Polymarket bought $100,000 worth of contracts backing the Thunder to beat the Spurs in Western Conference Finals Game 5 at an average entry price of 59 cents. The position showed a floating profit of $24,000 about 30 minutes later. Game 5 started at 8:30 a.m. Beijing time, and the Thunder were leading 41-35 when the update was reported. The new report also describes the account as having nearly $2.5 million in profits, differing from an earlier update that said the trader had nearly $2.9 million in losses. In prediction markets, a 59-cent contract price implies the Thunder were viewed as more likely than not to win at the time of entry.

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