Crypto Bettors See Massive Swings During World Cup Semifinals

The recent FIFA World Cup semifinal between Argentina and England triggered intense activity on the blockchain betting platform Polymarket. One trader suffered a painful loss of 1.5 million dollars after betting on England to win the match. Argentina staged a late comeback to eliminate England, leaving the bettor with nothing as the crypto transaction settled on the Polygon network.

While some lost big, others saw their fortunes turn in an instant. A separate trader took a risk on the Spain and France match. After facing nearly 11 million dollars in losses earlier, this person placed 11.3 million dollars on Spain. The bet paid off following Spain's 2 0 victory, resulting in a total profit of roughly 8 million dollars for the gambler.

Social media is also buzzing with rumors regarding musician Drake. Claims suggest he placed significant wagers on England and France, both of which failed to deliver. These unsuccessful bets have fueled online discussions about the recurring trend known as the Drake curse, where teams supported by the rapper often fail to win. The activity highlights how crypto platforms are becoming a primary destination for high stakes sports wagering.