A nearly $5 million loss-making account bet $400k on Polymarket on Connecticut’s spread to beat Michigan.

GateNews

2026-04-07 00:30:48

Gate News message. On April 7, on-chain data monitoring shows that in the Polymarket “NCAA Championship Game: Connecticut vs. Michigan” prediction event, an account (address: 0x492442eab586f242b53bda933fd5de859c8a3782) with cumulative losses of nearly $5 million purchased $400k in Connecticut -6.5 point spread prediction shares to beat Michigan. The opening position average price was 49¢.

NCAA “March Madness” refers to the National Collegiate Athletic Association (NCAA) men’s basketball Division I national tournament. The event typically begins every March, uses a single-elimination format, and features a packed schedule and intense competition.

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