Polymarket user loses $1M World Cup bet after predicting Spain to beat Cape Verde

Nothing is truly free, as one Polymarket user learned the hard way. They bet a substantial $1 million on Spain winning their match against Cape Verde.

Cape Verde isn’t expected to advance very far in the World Cup. This is the first time the small island nation has ever qualified for the tournament, and they began their journey with a challenging match against Spain, the winners of the 2010 World Cup.

Spain was expected to win easily, with odds of -1200 reflecting a 92% probability of victory. Because of this, many fans decided to place bets hoping for a small profit.

Someone on Polymarket wagered nearly $1 million – specifically $999,068 – betting that Spain would win, with a potential payout of over $1.08 million.

Despite the odds, Cape Verde defied them.

Just in: A $1 million bet was placed on Spain to win their match against Cape Verde today. If Spain wins, the bet will pay out $1,085,943.48 on Polymarket.

— Polymarket Sports (@PolymarketSport) June 15, 2026

Cape Verde’s shock Spain draw costs fan $1M as another wins $4.7M

On June 15, Cape Verde kept Spain off the scoresheet, ending the match in a surprising 0-0 tie.

Since he bet on Spain to win, the tie resulted in him losing his $1 million wager. Reports indicate he wasn’t the only one who lost money on the game.

So far, the most popular bet on BetMGM for the World Cup was Spain winning. Mark Bickerdike, head of soccer at Caesars Sportsbook, explained that this outcome was a big result for the betting platform, as many people had bet on Spain both individually and as part of larger combinations.

OK THIS IS LITERALLY FREE MONEY THO

— Matty Chucks (@MattyChucks) June 15, 2026

Still, going into the match, many expected Spain and felt like the bet was a sure thing.

X user Matty Chucks enthusiastically called it “free money,” stating that people could potentially earn either $100,000 or $80,000 with no effort. He dismissed any disagreement, confidently declaring his opinion was correct.

Okay, so this is insane! Some player – username ‘fishalive’ – made a huge bet of $400,000 that Spain wouldn’t beat Cabo Verde. The odds were pretty long at 9%, but it paid off BIG TIME. They just cashed out almost $4.7 million on Polymarket! Seriously, that’s wild!

— Polymarket Sports (@PolymarketSport) June 15, 2026

However, one fan, known as ‘fishalive’, bet $427,000 on Spain losing – a 9% possibility – and won a remarkable $4,702,769.23.

It’s still uncertain how far the team will go in the World Cup, but they’ve already gained a lot of admiration from fans. This echoes the positive attention received when Japanese fans were seen tidying up the stadium after their game.

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2026-06-15 23:19