The Polymarket user locked in a $67.608 profit after placing a $676 bet on a mixed martial arts bout. An incorrect result call by the announcer triggered a flash crash in market prices, which the participant quickly exploited. The executed trade brought him a nearly hundredfold return on investment.
What Happened
The trader was monitoring the live stream of the Tyrell Fortune (Tyrell Fortune) vs. Marcin Tybura (Marcin Tybura) fight. When the announcer named the Polish athlete as the winner, the prediction market reacted instantly: the price of contracts for Fortune’s victory plummeted to a single cent.
The platform user managed to scoop up shares totaling $676 just seconds before the announcer corrected the blunder and awarded the win to the American fighter. He admitted that he was on the verge of putting $100.000 into Tybura’s win contracts at 99 cents immediately after the first announcement, but he spotted the speaker's mistake in time, canceled his original order, and bought the sharply discounted shares of the opponent instead.
He opened his position within 50 seconds of the erroneous result announcement, beating the official broadcast commentary regarding the technical glitch.
“This is the easiest 100x of my life,” the bettor admitted.
Read Also: