Polymarket Bettor With $10 Million in Profits Wagers $320,000 on Kings Spread

A Polymarket account now reported to be down more than $11 million placed a $140,000 wager at 46 cents on the Warriors to cover an 8.5-point spread against the Wizards.

Summary

A Polymarket account previously described as highly profitable is now reported to be down more than $11 million and has placed a new $140,000 wager on the Golden State Warriors -8.5 market at 46 cents against the Washington Wizards. The NBA regular-season game is scheduled for 7 a.m. Beijing time. The Warriors enter at 32-35, while the Wizards are 16-50. This update differs from the earlier reported Kings-Jazz wager and adds a materially different position and account performance figure.

Terms & Concepts
  • Polymarket: A crypto-based prediction market platform where users trade on event outcomes using blockchain-backed settlement.
  • Warriors -8.5: A point-spread market requiring the Golden State Warriors to win by more than 8.5 points for the wager to succeed.
  • Prediction market: A market where participants buy and sell contracts tied to the outcome of future events.