Polymarket Trader Loses $1 Million Betting on Spain in World Cup Upset Against Cape Verde

An anonymous Polymarket user lost $1 million betting Spain would beat World Cup debutant Cape Verde. The match ended 0-0. Another trader, 'Fishalive,' bought 'No' shares at 9 cents and walked away with $4.3 million.

• Spain, the reigning European champions on a 30-match unbeaten run, drew 0-0 with Cape Verde (ranked 67th in FIFA standings)
• The losing trader's $1 million bet would have paid out $1.08 million if Spain had won
• Trader 'Fishalive' bought 4.7 million 'No' shares at 9 cents each, netting $4.3 million
• Cape Verde's 40-year-old goalkeeper Josimar 'Vozinha' Evora made 8 saves to keep the clean sheet
• The story highlights the scale of risk on Polymarket, which processed billions in World Cup betting volume

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Last updated 16 Jun 2026