{"id":12193,"date":"2025-02-10T06:17:14","date_gmt":"2025-02-10T06:17:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12193"},"modified":"2025-02-10T06:17:14","modified_gmt":"2025-02-10T06:17:14","slug":"polymarket-bettors-punt-1-1b-on-superbowl-results-despite-regulatory-overhang","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12193","title":{"rendered":"Polymarket Bettors Punt $1.1B on Superbowl Results, Despite Regulatory Overhang"},"content":{"rendered":"
\n

Polymarket bettors have put $1.1 billion in volume on the outcome of the Superbowl, which saw the Philadelphia Eagles beat out the Kansas City Chiefs<\/a> 40-22, as the betting platform continues to gain steam, despite regulatory hurdles. <\/p>\n

Polymarket has become the go to avenue for placing on-chain bets, which has brought in scrutiny from regulators. Some countries have outright banned Polymarket, while the U.S. Commodity Futures Trading Commission (CFTC) wants to gain access to the platform<\/a>‘s customer data.<\/p>\n

According to crypto attorney Aaron Brogan<\/a>, the argument that prediction markets, like Polymarket, are simply a Web3 version of gambling is an inaccurate characterization. <\/p>\n

Brogan, said that unlike traditional betting platform, prediction markets make money on the transactions fees rather that the users. <\/p>\n

Regardless of the challenges, Polymarket is thriving and bettors are gaining or losing big sums of money.<\/p>\n

\"\"<\/p>\n

Traders go hard on sports bets<\/h4>\n

On-chain from Polymarket Analytics shows that one trader<\/a> going by the handle ‘abeautifulmind’ took home a profit of over $550,000 from their bets on the Eagles. Data shows that this user has an overall profit of just over $1 million, mostly from bets on sports.<\/p>\n

On the other side of the trade<\/a> was a bettor by the name of hubertdakid, who lost $718,633 by betting against the Eagles. This trader seems to be down on their luck on Polymarket, with an overall loss of $638,177.<\/p>\n

Other Superbowl related contracts on Polymarket included one about how many times Taylor Swift would be shown on the broadcast<\/a> and another about how long the national anthem performance<\/a> would be.<\/p>\n

Overall, lifetime volume from sports related contracts on Polymarket has passed $6 billion. This is more than the volume on U.S. election markets, which came in at $5.2 billion according to Polymarket Analytics.<\/p>\n<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Polymarket bettors have put $1.1 billion in volume on the outcome of the Superbowl, which saw the Philadelphia Eagles beat out the Kansas City Chiefs 40-22, as the betting platform continues to gain steam, despite regulatory hurdles. Polymarket has become the go to avenue for placing on-chain bets, which has brought in scrutiny from regulators. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12193","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12193"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12193\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}