TREE NEWS reports: A Polymarket wallet that has lost more than $1.1 million bought $50,000 on AL to beat TES in the League of Legends World Championship Swiss stage, entering at an average price of 64¢ and sitting on a $4,400 unrealized loss, PPP prediction-market monitoring shows. The best-of-one match was scheduled for 1 a.m. in the second Swiss round, with both teams placed in the 0-1 bracket after opening losses.
Polymarket bettor with $1.1M losses buys $50K AL position at 64¢
The headline number is the $1.1 million loss history, but the more telling detail is the timing: a best-of-one in the 0-1 bracket, where a single map decides elimination risk. Best-of-one formats compress variance, so a 64¢ entry on AL implies the market sees a modest edge, not a lock — and the position is already underwater. That a wallet with heavy realized losses is sizing up rather than down is the behavioral signal worth noting. Whether this is conviction or doubling down is the open question; the match result will settle it, not the stake size.
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