A newly registered trader on Polymarket , one of the most widely used online cryptocurrency prediction market websites, has managed to turn a nearly $330,000 profit in a single day. Going by the name of NBA101 , the trader has made 48 predictions since they joined earlier this month, most of them sports -related. The latest was an $82,000 bet on Sacramento Kings vs. Los Angeles Lakers on January 13, which turned a 312% profit of approximately $256,500 for a total win of more or less $338,000 when the Sacramento team beat the L.A.-based rival 124:112. Adjusting for a nearly $9,000 daily loss on other positions, the figure came out at precisely $329,931.27 at press time. NBA101 ’s Polymarket profile. Source: Polymarket NBA101’s other sports bets While yesterday’s Kings game was NBA101 ’s most profitable bet, it is by no means their only high-stakes play. For instance, the trader has also placed a $116,000 bet on the last Timberwolves vs. Bucks game, which also ended favorably for NBA101 , with a total win of almost $261,000. Similarly, the user had another $116,000 position on Hawks vs. Lakers, for which they stand to win $275,000. With the most recent win, NBA101 ’s overall winnings have climbed to about $763,700, leaving social media wondering what kind of luck they are going to have in other markets. Featured image via Shutterstock The post Polymarket trader makes $330k in a day predicting sports results appeared first on Finbold .
