Polymarket bettor backs Oklahoma City Thunder with $100,000 live wager

The Polymarket market later settled with the Thunder winning, and the top two accounts in the contract recorded combined profits of more than $70,000.

Summary

Polymarket’s Knicks vs. Thunder market ultimately settled in favor of the Oklahoma City Thunder. The top account in the market earned about $50,000 and the second account earned about $21,000, bringing their combined profit to more than $70,000. The update follows earlier reporting that a separate account had previously bought $100,000 of Thunder shares at 77 cents during live trading.

Terms & Concepts
  • Polymarket: A crypto-based prediction market platform where users trade contracts tied to real-world event outcomes.
  • Prediction market contract: A tradable position that reflects the market-implied probability of a specific outcome, often priced between 0 and 1 dollar.
  • Live wager: A bet placed while an event is already in progress, with pricing shifting as new information emerges.