Polymarket user nets 100x profit in 1 minute on UFC announcer error

A Polymarket trader made a nearly 100-fold profit in under a minute by capitalizing on a crucial mistake by a UFC announcer, CoinDesk reported. During a UFC heavyweight match on March 29, Tyrell Fortune defeated Marcin Tybura. However, the ring announcer mistakenly declared the wrong winner before correcting the announcement a minute later. A Polymarket user, "LlamaEnjoyer," bought $676 worth of contracts on the actual winner when the price plummeted to one cent. When the price surged 100-fold after the correction, the user secured a profit of $67,000.