According to Mars Finance, on July 20, lookonchain data showed that Polymarket user gud.hl purchased 12.354 million shares of the prediction "Argentina wins the 2026 FIFA World Cup" at approximately 10 cents per share, investing around $1.23 million. If Argentina ultimately wins the tournament, this position could yield a maximum profit of approximately $12.35 million; however, due to shifting market expectations, the current price of this position has dropped to about 0.1 cent per share, reducing its value to roughly $6,177—a cumulative loss of approximately $1.223 million, or 99.5%.
Polymarket user loses $1.22M on Argentina 2026 FIFA World Cup prediction
MarsBitShare
Summary
A Polymarket user known as gud.hl lost $1.22 million on a price prediction for Argentina winning the 2026 FIFA World Cup. The user invested $1.23 million in 12,354,000 shares, initially priced at $0.10 each. The shares now trade at $0.001, reducing the value of the holding to $6,177. The Bitcoin price prediction market remains volatile, with sharp price swings impacting high-risk bets. This outcome underscores the risks of speculative trading in prediction markets.
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