Mid-March yielded one of the most impressive win streaks recorded on the Polymarket prediction market as a user designated reachingthesky managed to increase his position more than one hundredfold in less than a week.
Specifically, the value of the trader’s total position on March 14 was recorded at just under $26,000, while, at press time on March 19 – a mere five days later – it stands above $3.7 million.
Furthermore, and likely due to the fluctuations of the active trades, the value on Thursday is not the highest it has been in the last week. Specifically, on March 18, the position was estimated at a high of $4.48 million.
How this Polymarket trader made $3.7 million in less than a week
Examining the actual predictions made by reachingthesky reveals they have not only made exceptionally few trades but that all have been remarkably successful. So far, the Polymarket trader has only bet on the outcomes of European soccer – or football – matches.
The four closed trades involved the games between various Spanish, French, and British clubs, and the largest win – the wager that Paris Saint-Germain would win on Wednesday, March 17 – saw a $1.36 bet turn into $3.75 million for a profit of $2.4 million.
Looking at the other positions of reachingthesky reveals that the strategy of wagering on the outcomes of sports matches across Europe – with these expanding to games in Italy and Germany – remains very much unchanged for the Polymarket trader.
Featured image via Shutterstock
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