Polymarket Trader Loses $2.4 Million In 8 Days: What Went Wrong?
Posted On January 14, 2026
A Polymarket trader lost about $2.36 million in just eight days after concentrating heavily on sports markets, despite posting a respectable 47.2% win rate.
What Happened: Blockchain data tracked by Lookonchain shows the trader, known as Bossoskil1, placed 53 bets, primarily across NFL, NBA, NHL, and NCAA markets.
He favoured spread markets, typically buying positions in the 40–60 cent range, where payouts can be substantial if the outcome breaks correctly.
When correct, the returns were large, ranging from …
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