Crypto trader makes $1 million from this single bet

An on‑chain analysis of a Polymarket wallet (labelled “Polymarket Proxy Wallet”, owner 0x949) shows concentrated, high‑stakes sports prediction trading that generated outsized profits and losses. The wallet bought roughly $1.10M of “Yes” shares on Manchester City at an average 53.3¢, later selling for about $2.06M and netting ~ $963,250 on that single FA Cup bet (May 16). Over a month the account logged 4,300+ prediction trades, processed > $39M in volume and recorded total profits above $4.2M with a 50.6% win rate, though it also suffered individual losses exceeding $727k and $680k. The activity highlights growing capital concentration and liquidity in crypto prediction markets, underlines the visibility of whale flows via on‑chain analytics, and may draw more attention and capital — and volatility — to platforms like Polymarket. The article also references Ethereum (ETH) in contextual reporting.