An account with a loss of nearly $5 million purchased $400,000 on the NCAA Final Four, betting on Connecticut to win against Michigan with the point spread.
Odaily Seer channel monitoring shows that in the Polymarket prediction event “NCAA Finals Connecticut vs Michigan,” an account with nearly $5 million in losses (address: 0x492442eab586f242b53bda933fd5de859c8a3782) purchased $400,000 on Connecticut -6.5 to beat Michigan, with an average opening price of 49¢.
NCAA “March Madness” refers to the National Championship of the NCAA Division I Men's Basketball Tournament. The event usually starts every March, adopts a single-elimination format, features an intensive schedule, and intense competition, thus earning the name “March Madness.”
Odaily Seer channel continues to monitor prediction markets to see changes before pricing occurs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
After doubling their stock prices this year, Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) have been downgraded by Jefferies: Their valuations are now considered too high.
Jefferies downgraded refiners Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) from "Buy" to "Hold," with target prices of $401 and $413, respectively.
Crypto prices
More
