A Polymarket dealer often known as gud.hl misplaced $1.2 million after betting all of it on Argentina to win the 2026 World Cup. Spain eradicated Argentina 1-0 in additional time on Sunday, erasing the place fully.
Blockchain analytics agency Bubblemaps discovered that a lot of the preliminary wager on Argentina from gud.hl got here from a Solana handle which made $1.9 million buying and selling $TRUMP tokens at launch.
A World Cup Wipeout
Bubblemaps reported that gud.hl purchased roughly 12 million Argentina shares at a mean worth of 10 cents every, making the account the biggest single place backing the staff on Polymarket. A win would have delivered an $11.2 million payout.
Argentina beat England 2-1 within the July 15 semifinal, and the place surged, a part of a broader run of prediction market World Cup wins that drew consideration all through the match.
The dealer held the place via the ultimate as a substitute of cashing out. Spain, which had trailed Argentina in early prediction market odds, scored via substitute Ferran Torres in additional time. The aim despatched Lionel Messi’s title protection to a bitter finish and worn out gud.hl’s stake completely.
A $TRUMP Windfall
Bubblemaps traced the funding for gud.hl’s Argentina wager to a separate Solana pockets. That pockets flipped $TRUMP, a Solana-based memecoin tied to US President Donald Trump, shortly after its January 2025 launch and pocketed $1.9 million.
The episode suits a sample taking form this cycle. Quite a lot of the thrill and hyper round memecoins has subsided, as was the case for NFTs earlier than this. However gud.hello is an occasion of merchants cashing out memecoin windfalls solely to roll into prediction market bets.
For gud.hl, that wager turned a six-figure crypto achieve right into a seven-figure loss in a single match.
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