Polymarket bettors put $ 1.1 billion in volume at the outcome of the superbowl, who saw the Philadelphia Eagles defeated Kansas City leaders 40-22, as the betting platform continues to gain steam, despite regulatory barriers.
The Polymarket became Go to Avenue for the placement of on-chain bets, which brought a thorough investigation from the regulators. Some countries clearly ban the Polymarket, while the US Commodity Futures Trading Commission (CFTC) wants Gain platform accessThe customer data.
According to to Crypto attorney Aaron Brogan.
Brogan said that unlike the traditional betting platforms, predictions markets make money on transaction fees instead of users.
Regardless of the challenges, the polymarket has evolved and the bettors get or lose a huge amount of money.
Traders go to sports bets
On-chain from polymarket analytics Showing that an entrepreneur Going through the handle ‘Abeoutifulmind’ returned to earn more than $ 550,000 from their bets in the Eagles. Data shows that this user has a general income of over $ 1 million, mostly from sports bets.
On the other side of the trade was a bettor by the name of Hubertdakid, which lost $ 718,633 by betting against the Eagles. This businessman seems to have fallen into their luck in the polymarket, with a general loss of $ 638,177.
Other contracts related to superbowl in polymarket included one about how many times Taylor Swift will be displayed on Broadcast And another about how long Performance of the National Anthem It will be.
In general, the amount of life from sports -related contracts in the polymarket has passed $ 6 billion. This is more than just the volume in US election markets, which has come to $ 5.2 billion according to Polymarket Analytics.
