Polymarket: New Wallet Loses $3.97M on World Cup Bets

Polymarket saw a 2-day-old wallet called coldsway drop over $3.97 million across three FIFA World Cup bets, marking one of the largest losses tied to new wallets on prediction markets like Polymarket in the past year. The heaviest blow came from Canada beating South Africa for a $3.14 million hit, followed by a $1.97 million loss on Colombia versus Portugal, while a win on Croatia against Ghana recovered only $1.06 million. This activity aligns with tracked Polymarket whale betting activity and largest losses patterns observed across global prediction markets.