Profitable Polymarket Account Buys $510,000 on Hawks to Beat Celtics

Polymarket later resolved the Hawks-Celtics market in favor of Atlanta, turning the large pregame position into more than $400,000 in profit for the account, whose cumulative gains reached about $2.32 million.

Summary

Polymarket resolved the Hawks vs. Celtics prediction market with the Hawks winning, confirming the success of a previously highlighted large wager. The account, weflyhigh, had bought about $510,000 in Hawks-winning positions at roughly 56 cents before the game and made more than $400,000 on the outcome. The source states the account’s cumulative profit is about $2.32 million.

Terms & Concepts
  • Polymarket: A crypto-based prediction market where users trade contracts tied to the outcomes of real-world events.
  • Prediction market: A marketplace where contract prices reflect traders’ estimated probability of a future event.