A Polymarket trader made a nearly 100-fold profit in under a minute by capitalizing on a crucial mistake by a UFC announcer, CoinDesk reported. During a UFC heavyweight match on March 29, Tyrell Fortune defeated Marcin Tybura. However, the ring announcer mistakenly declared the wrong winner before correcting the announcement a minute later. A Polymarket user, "LlamaEnjoyer," bought $676 worth of contracts on the actual winner when the price plummeted to one cent. When the price surged 100-fold after the correction, the user secured a profit of $67,000.
Polymarket user nets 100x profit in 1 minute on UFC announcer error
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
