Polymarket’s Spain Shock: What a $4.7M World Cup Payout Says About Betting-Market Risk
Spain 0–0 Cape Verde triggers $4.7M Polymarket payout and a $1M loss on a favorites bet. Regulatory scrutiny rises as World Cup markets hit multi‑billion volume.
CryptoPotato·
[PRESS RELEASE – BELIZE City, Belize, June 16th, 2026] BC.GAME BC.GAME is integrating Polymarket, the world’s largest prediction market, to launch a new Prediction Center across sports, crypto and real-world event. BC.GAME today announced the launch of its new Prediction Center, powered by Polymarket, bringing prediction markets directly into the BC.GAME platform. Through the new Prediction […]
Read full articleSpain 0–0 Cape Verde triggers $4.7M Polymarket payout and a $1M loss on a favorites bet. Regulatory scrutiny rises as World Cup markets hit multi‑billion volume.
World Cup prediction markets hit $4.8B daily turnover; Polymarket’s winner contract reached $1.6B. Web3 sports apps can borrow lessons on oracles, UX, payouts.
Cape Verde's draw highlights the unpredictability in sports, impacting financial markets and offering lessons in risk and opportunity for traders. The post Cape Verde celebrates historic draw against Spain in World Cup debut, and Polymarket traders cashed in big appeared first on Crypto Briefing.
This incident highlights the critical importance of understanding contract terms in prediction markets, where resolution criteria can lead to significant financial losses. The post A college student lost $35,000 on Polymarket because of one missed deadline appeared first on Crypto Briefing.
BC.GAME Launches Prediction Center, Powered by Polymarket
The unexpected outcome highlights the volatility and growing interest in crypto-native esports betting, despite cooling blockchain sponsorships. The post BetBoom Team secures Major playoffs spot as Polymarket bettors lose $300K worth of predictions appeared first on Crypto Briefing.
One trader lost $1 million betting Spain would win. Another bought "No" at 9¢ and walked away with $4.3 million.
The Spain draw underscores the unpredictability of prediction markets, highlighting risks and opportunities for investors in crypto betting. The post Spain held to 0-0 draw by Cape Verde in World Cup opener as Polymarket bettors eat $63M in losses appeared first on Crypto Briefing.