Polymarket trader loses $1M on Spain's draw with Cape Verde

A Polymarket trader lost $1 million after Spain, a top contender for the 2026 World Cup, was held to a surprising 0-0 draw by Cape Verde, Decrypt reported. The trader had wagered $1 million on Spain to win its opening Group H match, losing the entire amount when the game ended in a tie. Conversely, another trader who bet against a Spanish victory reportedly earned a $4.3 million profit. This individual had purchased 'No' shares at an average price of nine cents each, which implied a 9% probability of a Spanish win.