Spain World Cup Draw Triggers $1M Prediction Market Loss

Spain’s opening match of the 2026 FIFA World Cup produced one of the tournament’s biggest surprises so far. While the European champions dropped two points in a scoreless draw against World Cup debutants Cape Verde, the financial impact extended far beyond the pitch. A trader on prediction market platform Polymarket lost nearly $1 million after backing Spain to defeat Cape Verde, a result widely expected before kickoff. At the same time, another trader emerged with a multi-million-dollar payout after taking the […]

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