A user spent $1.23 million to bet on Argentina winning the 2026 World Cup, ultimately losing over $1.22 million.

BlockBeats News, July 20th. According to lookonchain monitoring, Polymarket user gud.hl once purchased 12.354 million units of the "Argentina Wins the 2026 FIFA World Cup" prediction market at a price of approximately $0.10, investing around $1.23 million.

If Argentina wins the championship, the maximum potential profit from this position would be around $12.35 million. However, due to changing market expectations, the current price of this position has dropped to approximately $0.001, with the remaining position value at around $6,177, resulting in a total loss of about $1.223 million, representing a loss of 99.5%.