A single wager backing Belgium against Egypt at 66% odds could return more than $13.14 million, prompting claims prediction markets may be used to move funds between KYC wallets.
A roughly $8.67 million single wager on Polymarket backing Belgium to beat Egypt has sparked scrutiny over whether large prediction-market bets can be used to move money between wallets. The bet was placed at 66% odds and carries a potential payout of more than $13.14 million. Critics argue that prediction markets can function as a transfer mechanism: funds can be placed from a KYC (identity-verified) wallet, and whether the position wins or loses, value may still be shifted between wallets while making the original connection harder to trace.