A cryptocurrency prediction markets trader has generated millions in profits through aggressive sports betting activity on Polymarket.
One of the standout trades saw the investor, identified as “0x949,” make nearly $1 million from a single football wager after correctly betting on Manchester City to defeat Chelsea in the FA Cup final played on May 16, according to insights from Arkham Intelligence.
The trader purchased roughly $1.10 million worth of “Yes” shares backing Manchester City at an average price of 53.3 cents. After the match settled in Manchester City’s favor, the position was sold for about $2.06 million, resulting in a profit of approximately $963,250 from that single bet alone.
At the same time, the trader also emerged as one of the biggest winners in a broader month-long streak that pushed the wallet’s total profits above $4.2 million. On-chain data shows the account, labeled “Polymarket Proxy Wallet,” executed more than 4,300 prediction trades since being created in April 2026.
They generated the gains primarily through sports prediction markets, with football bets accounting for several of the largest wins.
Other profitable positions included bets tied to AS Monaco, Liverpool, Wolverhampton Wanderers, and RC Strasbourg, with some individual trades generating profits between $500,000 and $800,000.
Trader’s recorded losses
Despite the outsized gains, the account also recorded major losses. One failed bet on a Stuttgart versus Bayer Leverkusen match resulted in a loss exceeding $727,000, while another Barcelona versus Real Madrid position lost more than $680,000.
The wallet processed more than $39 million in total trading volume and maintained a prediction win rate of 50.6%.
Meanwhile, recent activity indicates the trader continues to place active football wagers on Polymarket, including fresh Aston Villa-related bets.
The surge in high-profile crypto trading profits comes as another blockchain trader, as reported by Finbold, turned a modest Ethereum ($ETH) investment into a fortune.
In this case, an early Ethereum holder transformed an initial allocation worth about $120 in 2015 into nearly $900,000 after holding 400 $ETH for almost 11 years.
The wallet transferred 350 $ETH valued at about $789,600, to Bitstamp while moving the remaining 50 $ETH, worth roughly $112,750, into a new wallet. The trader held through multiple crypto bear markets and did not sell even when Ethereum reached record highs in 2021 and again in 2025.
