Lookonchain said a prediction market account reversed a deep drawdown through several large match-outcome bets, including a reported $9.9 million profit on France vs Spain.
A prediction market trader turned a roughly $10.8 million cumulative loss into more than $8 million in profit within two weeks, according to on-chain analytics account Lookonchain. The reported turnaround was driven by several large winning wagers on match outcomes, including a $9.9 million profit on France vs Spain, a $3.765 million profit on Switzerland vs Colombia, a $1.867 million profit on Argentina vs Switzerland, and a $1.759 million profit on the United States vs Belgium. The figures highlight how concentrated prediction market positions can rapidly swing account performance over a short period.