Polymarket Bettors Wager $1.1 Billion on Superbowl Outcome
- Polymarket bettors placed $1.1 billion in volume on the Superbowl, where the Philadelphia Eagles defeated the Kansas City Chiefs 40-22.
- The platform faces regulatory scrutiny, with some countries banning it and the U.S. CFTC seeking customer data access.
- Trader ‘abeautifulmind’ earned over $550,000 from Eagles bets, totaling over $1 million in sports profits.
- Bettor ‘hubertdakid’ lost $718,633 betting against the Eagles, with an overall loss of $638,177.
- Lifetime volume for sports contracts on Polymarket exceeds $6 billion, surpassing U.S. election markets at $5.2 billion.
Bettors wagered heavily on the Superbowl through Polymarket, resulting in a total volume of $1.1 billion and significant individual gains and losses amid ongoing regulatory challenges.
Source (2.6)https://www.coindesk.com/markets/2025/02/10/polymarket-bettors-punt-usd1-1b-on-superbowl-results-despite-regulatory-overhang?rand=52298
