Business · Companies · 3 hrs ago
Anonymous Polymarket account earns $12 million from sports bets
An anonymous account called swisstony made $12 million betting on sports through Polymarket, a global prediction market platform.
The account’s earnings were the highest found in an analysis of Polymarket trades since April.
The analysis examined 170 million bets made by 1.2 million accounts using blockchain data.
Swisstony’s approach is thought to have involved algorithm-based trading, many transactions and large bets.
The platform’s prediction markets have no betting limits or regulation, making them a new trading option for wealthy investors.
The analysis found that the ten most profitable accounts used different strategies, and no further action or change was specified.
An anonymous Polymarket account called swisstony earned $12 million from sports bets, the highest profit reported on the platform.
The account is believed to have used algorithm-based high-volume trading and large bets.
The finding came from a Financial Times analysis of blockchain data.
The analysis covered 170 million bets made by 1.2 million individual accounts on Polymarket since April.
The top 10 accounts used different investment strategies.
- Who
- An anonymous Polymarket account called swisstony.
- What
- It earned $12 million from sports bets, the highest profit reported.
- When
- The Financial Times analysis covered bets since April; the report was published on October 29.
- Where
- Polymarket, a global prediction market platform.
- Why
- The account is believed to have used algorithm-based high-volume trading and large bets.
This story does not have two clearly opposing sides.
The Financial Times analysis covered bets made by individual accounts on Polymarket.
The report said swisstony had the platform’s highest profits, at $12 million.
- Account
- swisstony
- Profit
- $12 million
- Platform
- Polymarket
- Bets analyzed
- 170 million
- Accounts analyzed
- 1.2 million
- Top strategies
- The 10 most profitable accounts used different investment strategies.