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A nearly $5 million-loss account’s owner/account balance used to purchase $400k worth of NCAA March Madness Connecticut point-spread bets, beating Michigan in the game.
Odaily Seer’s Prophet channel monitoring shows that, in the Polymarket “NCAA Final: Connecticut vs. Michigan” prediction event, an account that is down by nearly $5 million (address: 0x492442eab586f242b53bda933fd5de859c8a3782) bought $400k in the Connecticut -6.5 spread to beat Michigan, with an opening position average price of 49¢.
“March Madness” refers to the NCAA Men’s Division I basketball tournament—its national championship. The event typically begins every March, uses a single-elimination format, and features a tightly packed schedule and intense competition, hence the name “March Madness.”
Odaily Seer’s Prophet channel continues to follow the prediction market. Before pricing, it sees changes.