Prediction Market Trader Bets $43K on T1 Victory Over Nongshim in LoL Championship

Gate News message, April 29 — A trader with a 53% win rate purchased $43,000 worth of prediction contracts betting on T1’s victory over Nongshim Red Force (NS) in an upcoming League of Legends match on Polymarket, according to monitoring by Odaily Seer. The position was opened at 75 cents per contract. The match is scheduled for 4 p.m. Beijing time today (April 29).

Historically, T1 dominates the matchup with a 21-5 record against NS across approximately 26 official encounters, a win rate of roughly 81%. T1 has consistently prevailed in series matchups, particularly during the Faker era, though NS has occasionally demonstrated the capability to upset the favored team.

In the current LCK (League of Legends Champions Korea) regular season standings, T1 and Gen.G are tied for third place, while NS ranks sixth.

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

The first prediction market ETF will be listed next week, allowing the public to place bets on the outcome of the U.S. congressional election.

According to market news, the first prediction market ETF is expected to take effect on May 5. Roundhill has submitted an application, with a focus on Democrats/Republicans competing in U.S. presidential, Senate, and House elections. The ETF price reflects the probability of an event occurring and fluctuates with polls and news. Experts believe it could increase market liquidity, but it still faces regulatory disputes between the CFTC and state authorities, as well as legal challenges related to areas such as sports events.

ChainNewsAbmedia31m ago

CFTC Sues Wisconsin Governor Over Prediction Market Oversight

The Commodity Futures Trading Commission filed a lawsuit on Tuesday against Wisconsin Democratic Governor Tony Evers, Attorney General Joshua Kaul, and John Dillett, administrator of the Wisconsin Department of Administration Division of Gaming, in the U.S. District Court for the Eastern District of

CryptoFrontier45m ago

The first Polymarket insider trading trial in U.S. federal court begins, and a U.S. service member refuses to plead not guilty

According to a report by Decrypt, U.S. Army senior enlisted leader Gannon Ken Van Dyke on April 29 in federal court in New York pleaded not guilty to charges that he used confidential information to profit on the prediction market Polymarket. He was released on $250k bail and was ordered to surrender his passport and limit his travel; prosecutors said this is the first time the federal government has brought a lawsuit related to prediction market activity.

MarketWhisper58m ago

Polymarket Prediction on Powell's April Press Conference Saying 'Good Afternoon' Reaches 98.3% Probability

Gate News message, April 29 — On Polymarket, a prediction market event regarding what Federal Reserve Chair Jerome Powell will say at his April press conference shows the "Good Afternoon" option has reached a 98.3% probability, with trading volume for this event totaling $57,749 as the settlement pr

GateNews1h ago

Polymarket denies allegations of a leak of 300k records, saying its API data is publicly available and auditable

According to an X post by Polymarket on April 29, the cybersecurity account Dark Web Informer claimed that the decentralized prediction market platform Polymarket was hacked, with more than 300k records and an exploit tool kit leaked to online criminal forums; Polymarket immediately denied this on X, saying that all on-chain data is publicly available and can be audited.

MarketWhisper1h ago

Polymarket upgrade completed: new trading engine is live, $1M liquidity incentives

Polymarket completes the CLOB v2 exchange upgrade, with an announcement at 4/28 12:06. On the same day, maintenance was started at 11:02, trading was paused, and the order book was cleared; after about 64 minutes, order intake resumed and trading was reopened. The upgrade released a $1,000,000 liquidity reward: $500,000 for the first 2 hours, and the remaining $500,000 for the rest of the session. The core is a complete exchange overhaul—rebuilding the trading engine and contracts, and converting collateral assets to pUSD. Next, we will observe whether pUSD becomes the default collateral and how it is retained by market makers.

ChainNewsAbmedia2h ago
Comment
0/400
No comments