Rapper Preme's Super Bowl bet fails, losing $178,000 because "dance counts as a performance"

Odaily Planet Daily reports that, according to Lookonchain monitoring, rapper Preme placed a bet on Polymarket that Cardi B and Drake would not perform at the Super Bowl LX halftime show, with a total wager of approximately $185,000. Due to Preme’s close relationship with Drake, there was speculation that he had insider information. However, on-chain data shows that Preme’s associated wallet 9hDJHg has transferred funds multiple times to Stake.com, indicating he is also an experienced gambler. During the halftime show, Cardi B took the stage to dance, and Polymarket categorized the dance as a “performance,” causing Preme to lose his bet and incur a loss of about $178,000. Afterwards, he posted on X that “dancing should not count as a performance,” then deleted the post.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Kalshi CEO: Trading volume on Super Bowl Sunday surpasses $1 billion

Odaily Planet Daily reports: According to market sources, Kalshi, the prediction market's CEO, revealed that trading volume during Super Bowl Sunday exceeded $1 billion, a 2700% increase.

GateNewsBot5h ago

CertiK: Prediction market to reach $63.5 billion in trading volume by 2025, with the industry facing security and regulatory challenges

CertiK's "2026 Skynet Prediction Market Report" indicates that the predicted trading volume of prediction markets will reach $63.5 billion in 2025, with risks increasing accordingly. Legalized in the United States but banned in some EU countries, future efforts will need to address liquidity, security, and revenue models to achieve sustainable development.

GateNewsBot5h ago

Polymarket will collaborate with Kaito AI to launch the "Attention Market"

BlockBeats News, February 10 — According to Fortune magazine, Polymarket announced today that it will partner with Kaito AI. Kaito AI is a research and data aggregation platform focused on the crypto space. Through this collaboration, users will be able to bet on trends, brand and individual attention, and public opinion directions.

GateNewsBot7h ago

Logan Paul sparks controversy with a $1 million bet on Polymarket

Logan Paul's $1 million wager on Polymarket during the Super Bowl was exposed as a promotional stunt, not a genuine bet. Analysts found no balance in his account to support the wager, raising concerns about undisclosed promotional ties and misleading advertising in prediction markets.

TapChiBitcoin16h ago

Market maker Jump Trading provides liquidity in exchange for equity in Kalshi and Polymarket, establishing a presence in prediction markets.

Jump Trading will provide liquidity to prediction markets Polymarket and Kalshi in exchange for equity, creating a new model of "liquidity as investment" to enhance the liquidity of prediction markets. This model makes market makers stakeholders in the platform but also raises potential conflicts of interest. The future potential of prediction markets is enormous, estimated to reach $100 billion.

動區BlockTempo17h ago

Jump Trading Bets Big: Secures Equity Stakes in Kalshi and Polymarket via Liquidity Deals

Jump Trading, a global proprietary trading powerhouse, is strategically entering the prediction market arena. In exchange for providing crucial market-making services, the firm will acquire equity stakes in two leading platforms: Kalshi and Polymarket. This move is significant as it signals deepening institutional interest and validation for the rapidly growing prediction market sector. For the industry, it means enhanced liquidity, stability, and a major endorsement from a traditional f

CryptopulseElite17h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)