Profitable Polymarket wallets place large World Cup round-of-16 bets

Profitable Polymarket wallets place large World Cup round-of-16 bets

PPP monitoring has now flagged another high-profit address after it bought $330,000 on Argentina to win in regular time in the Argentina vs. Cape Verde market.

Summary

PPP prediction-market monitoring has highlighted another large sports-event position on Polymarket, adding to previously flagged round-of-16 bets. An address identified as 0x0346afae2603313d2bbee96b628536c8cbe352a5 was described as having made $1.13 million in profit over the past week and bought $330,000 on Argentina to win in regular time in Polymarket’s “World Cup Round of 16 Argentina vs. Cape Verde” market. Earlier monitored positions included a newly created wallet, 0xbc1b1e935cf5a06f9378fe2b249338649dc29d59, which bought $240,000 on Austria failing to win in regular time in the Spain vs. Austria market and was reported to have $310,000 in profit over the past week and $390,000 in total profit, as well as address 0x10a6fadcbacd66330862206f6199b197e3ad4d8b, which held a $360,000 position on over 2.5 total goals in the Portugal vs. Croatia market and was described as having made $570,000 in profit over the past week. The trades underscore how large, profitable wallets are taking concentrated directional positions in Polymarket’s event-based contracts.

Terms & Concepts
  • Polymarket: A prediction market platform where users trade shares tied to real-world event outcomes.
  • prediction market: A market in which contract prices reflect the perceived probability of future outcomes.
  • regular time: The standard match period before any extra time or penalty shootout.