Polymarket Whale Loses Big on Eagles Bet After Last-Second Kick
- An account named Kch-Temp spent approximately $146,700 on Philadelphia Eagles shares at Polymarket before their game against the Jaguars.
- Eagles shares peaked at $0.99 after Jake Elliott’s field goal with eight seconds remaining put them ahead.
- The shares plummeted to near zero following a successful last-second kick by Jacksonville, resulting in a total loss for the account.
- Despite this setback, Kch-Temp profited approximately $348,000 from other NFL bets that day.
- Prediction market volume surged to $68.2 billion in notional volume in the month leading up to September end, marking a significant increase from the previous period.
A Polymarket account incurred a significant loss after betting heavily on the Philadelphia Eagles, who were initially underdogs against the Jaguars. Although they briefly led due to a late field goal, a subsequent kick by Jacksonville reversed their fortune.
Despite losing $146,700 on this bet alone, Kch-Temp managed overall gains through other successful wagers that day, highlighting both the volatility and potential profitability of prediction markets like Polymarket. (Source)
