Polymarket Whale's Bet Goes Sour in Paul vs. Tyson Fight

A Polymarket whale, who recently profited $11 million betting on Trump's victory, lost nearly a third of that sum after backing the wrong horse in the highly publicized boxing match on Friday night.

Match Overview

58-year-old legend Mike Tyson faced off against 27-year-old influencer-turned-boxer Jake Paul. Paul won by unanimous decision after eight two-minute rounds, delivering a flurry of blows while Tyson tried to conserve energy, visibly tiring as the match progressed.

Odds Before the Fight

Going into the bout, Paul had a 63.5% chance of victory on Polymarket, while Tyson's chances were at 29.5%. The prediction market assigned an 8.5% chance for a draw.

The Whale's Bet

The Polymarket whale known as "zxgngl," who had earlier profited by betting $11 million on Trump's re-election, wagered $3.6 million on Tyson, purchasing over 11 million shares at an average price of 33¢. Unfortunately for zxgngl, their bet did not succeed, resulting in a loss of nearly a third of their prior winnings.

Market Popularity

The prediction market for the Paul vs. Tyson fight saw a volume of $63 million, highlighting the match's popularity among users. Despite the loss, zxgngl remains the fourth-highest earner on Polymarket, according to the platform's leaderboard.