Two Polymarket users lost more than $1 million each on football bets on Oct. 24. User joseph00677 lost $1.62 million backing Chelsea, which lost 2-0 at home to Tottenham Hotspur. User 3edmond.dantes lost $1.04 million backing Manchester City, which lost 2-1 at Aston Villa.
The source says both users bought contracts that would pay $1 per share if their teams won and nothing if they did not. Another trader, raybanman, bet against a Chelsea win and on Tottenham, making about $964,000.
