Polymarket Trader Turns $6.8 Million Loss into $395,000 Profit

• A trader made more than $10.5 million on Polymarket in 2 days.
• He fully recouped $6.8 million in losses and netted $395,000 in profit, Lookonchain said.

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A trader going by the handle beachboy4 significantly improved his financial results on the Polymarket prediction platform over two days. Lookonchain analysts said so.

Previously, his total losses had reached $6.8 million, but thanks to five successful bets, he made more than $10.5 million in profit. Net profit for this period was about $395,000, the experts noted.

Analysts also pointed to the growing size of his bets: while they used to be in the hundreds of thousands of dollars, individual positions now exceed $3 million. Notably, the trader mostly placed sports and political bets.

Earlier, we reported that a Polymarket user suffered losses of more than $2.36 million after 8 days of active trading.

Recently, Polymarket’s website was officially blocked in Ukraine due to the lack of a gambling license. In a comment for Incrypted, lawyers analyzed the situation and provided recommendations, noting in particular that using the platform is associated with risks, including administrative liability. More details in the article: