A trader bet that the Spanish national team would beat the debuting Cape Verde team in the 2026 FIFA World Cup and lost a million dollars on Polymarket. The Spanish team, the reigning European champions and with a 30-match unbeaten run, failed to overcome the African debutant at Mercedes-Benz Stadium in Atlanta, ending the match in an unexpected 0-0 draw.
🚨Full time: 0-0
Cape Verde secures their first ever World Cup point https://t.co/RNpZK7D7gK
— Polymarket Sports (@PolymarketSport) June 15, 2026
The colossal failure underscores the volatility and extreme risk in blockchain-based betting markets. Although the odds on Polymarket gave Cape Verde less than a 1% chance of success, the outstanding performance of veteran goalkeeper Josimar Évora, who made eight key saves against stars like Lamine Yamal and Ferran Torres, pulverized a potential payout of $1,085,943.48.
This historic result stands as one of the biggest upsets in World Cup history and leaves a harsh lesson in the crypto-betting sector. The next step for crypto-bettors will be to re-evaluate risk management strategies in high-liquidity sporting events.
Source: https://x.com/PolymarketSport/status/2066581758795997576
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