Polymarket-Bettors has put $ 1.1 billion in volume on the result of Superbowl, which saw Philadelphia Eagles beat Kansas City Chief’s 40-22 as the betting platform continues to win steam, despite regulatory obstacles.
The polymarket has become the speed of Avenue to place on-chain bets that have brought control from regulators. Some countries have directly banned the polyming field, while the US Commodity Futures Trading Commission (CFTC) wants to access the platform’s customer data.
According to Crypto -Attorney Aaron Brogan, the argument that prediction markets, like the polyme field, is simply a web3 version of games, an inaccurate characterization.
Brogan said that, as opposed to traditional betting platform, prediction markets make money on transaction fees rather to users.
Regardless of the challenges, the polyming field thrives and Bettor’s wins or loses large sums.
Dealers go hard on sports betting
On-Chain from Polymarket Analytics shows that a trader who goes past the handle ‘Abeautheaway’ made a profit of over $ 550,000 from their efforts on Eagles. Data shows that this user has a total profit of just over $ 1 million, mostly from betting on sports.
On the other side of the trade was a matter of name Hubertdakid, who lost $ 718,633 by betting against Eagles. This trader seems to be down to their luck on the polymemarket with a total loss of $ 638,177.
Other Superbowl -related contracts on the polyming field included one about how many times Taylor Swift would be shown on the broadcast and another about how long the National Anthem Performance would be.
Overall, life -life volume from sports -related contracts on the polyming field has passed $ 6 billion. This is more than the crowd in US election markets that came at $ 5.2 billion according to polymarket Analytics.
