Rapper Preme's Super Bowl bet fails, losing $178,000 because "dance counts as a performance"

Odaily Planet Daily reports that, according to Lookonchain monitoring, rapper Preme placed a bet on Polymarket that Cardi B and Drake would not perform at the Super Bowl LX halftime show, with a total wager of approximately $185,000. Due to Preme’s close relationship with Drake, there was speculation that he had insider information. However, on-chain data shows that Preme’s associated wallet 9hDJHg has transferred funds multiple times to Stake.com, indicating he is also an experienced gambler. During the halftime show, Cardi B took the stage to dance, and Polymarket categorized the dance as a “performance,” causing Preme to lose his bet and incur a loss of about $178,000. Afterwards, he posted on X that “dancing should not count as a performance,” then deleted the post.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Vitalik Buterin Warns Prediction Markets Face “Corposlop” Crisis

Vitalik Buterin says prediction markets chase clicks and quick bets, losing their power to deliver useful, long-term insights. He argues markets now depend on uninformed bettors, pushing platforms to value engagement and profit over accurate forecasting. Buterin sees a future where predic

CryptoFrontNews3h ago

APRO Oracle Partners With 42Space for On-Chain Gala Predictions

APRO Oracle and 42Space have partnered to transform the 2026 CCTV Spring Festival Gala into an on-chain prediction market, utilizing blockchain technology for real-time, transparent interactions. This collaboration aims to enhance viewer engagement and capture major event highlights.

BlockChainReporter6h ago

Ethereum Co-Founder Warns Prediction Markets Are Sliding Into “Corposlop”

Vitalik Buterin sparked a fresh debate in crypto circles today when he warned that prediction markets have wandered into a commercially successful but socially hollow groove. He also sketched out a radical alternative that would push them toward long-term hedging use cases, even suggesting they

BlockChainReporter8h ago

Roundhill has submitted multiple "prediction market event contract" election ETF applications

PANews February 14 News, Bloomberg ETF analyst Eric Balchunas stated that Roundhill has submitted multiple ETF applications, aiming to gain exposure through swaps or direct holdings of political election "event contracts" (such as the "Democratic Presidential Contract," with party determination yes/no for the inauguration on January 20, 2027); if approved, it could open a new channel for the securitization of prediction market assets.

GateNewsBot11h ago

Polymarket launches a new 5-minute cryptocurrency price fluctuation trading market, powered by Chainlink

Foresight News reports that Polymarket has announced the launch of a 5-minute cryptocurrency price movement trading market on the Polygon network, currently supporting predictions on BTC price movements over the past 5 minutes. The market is powered by Chainlink and is built upon the 15-minute cryptocurrency price movement trading market launched earlier on Polymarket, aiming to meet high-frequency trading demands.

GateNewsBot12h ago

The Israeli military is hunting for spies on Polymarket

Israeli Defense Forces reservists and civilians have been charged for placing bets on military secrets on Polymarket,涉嫌 insider trading. This incident highlights the risks of unfair competition and insider involvement in prediction markets, especially in sensitive areas like war. It calls for potential future regulation to prevent similar issues.

区块客13h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)