Someone Just Lost $1 Million on Polymarket Over Spain World Cup Shocker
Summary
A bettor put $1 million on Spain to beat World Cup debutant Cape Verde on Polymarket, where Spain was heavily favored and a draw was priced near 6.6 cents. The match ended 0-0, wiping out the wager. Cape Verde’s veteran goalkeeper Josimar Évora made eight saves and helped produce one of the tournament’s biggest shocks. The result also created a huge winner: a trader known as “fishalive” bought Spain “No” shares around 9 cents and reportedly turned about $400,000 into more than $4.7 million. The episode highlights how prediction markets can deliver massive gains or losses when traders bet aggressively at extreme odds. It also fits a broader pattern of large Polymarket losses among users who overbet heavy favorites.
