According to PolyBeats monitoring, in the prediction market Polymarket, two smart money accounts have placed bets on "Will 'Odyssey' Opening Weekend Box Office Exceed $115 Million?" One account wagered $8.4k on "No," with an average buy probability of 66.5% and the current "Yes" probability at 34.0%.
Account 0x9199ba07 bet $3.3k, with the most relevant category being movies in this market, yielding a net profit of $45.5k. Out of 687 settled trades in this category, the account has a win rate of 331/687 (48%), with 181 trades where the buy price was less than $0.8 and the sell price was greater than $0.95. Within a similar cost range ($0.601-$0.75), the median historical investment amount is $1.4k.
Account 0x955c9661 wagered $5.1k, with the most relevant category being box office in this market, achieving a net profit of $46.1k. Out of 208 settled trades in this category, the account has a win rate of 110/208 (53%), with 47 trades meeting the buy/sell price criteria. Within the cost range of $0.601-$0.75, the median historical investment amount is $5.8k.
"Odyssey" is set to premiere in North America on July 17, starring Matt Damon, directed by Christopher Nolan, with a runtime of 172 minutes. The production budget exceeds $250 million and marks the first feature film shot entirely with an IMAX film camera.
However, the $115 million threshold in this market does not exactly align with the traditional definition of a box office success. Deadline outlined a North American opening weekend range of $80 million to $100 million at the end of June, while Boxoffice Pro revised it in early July to $100 million to $120 million.
Note: Based on their trading pattern, this trader does not seem to be speculating on the outcome of the event but rather engaging in profit-taking and stop-loss actions after opening a position.
Accounts:
0x9199ba070c49a78d7b1eb029b5c03d0b2972dd2d
0x955c9661bf6e010beff0ba896a49f715a8c8990f
Total Investment: $8.4k
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