Trader Loses Nearly $1 Million After Cabo Verde Holds Spain to Shock World Cup Draw

Brief by Shorts91 Newsdesk / 12:45pm on 16 Jun 2026,Tuesday Sports

A trader on prediction market platform Polymarket lost nearly $1 million after backing Spain to defeat Cabo Verde in their FIFA World Cup match. Spain entered the game as overwhelming favorites, with odds suggesting a 92% chance of victory. However, World Cup debutants Cabo Verde stunned fans by securing a goalless draw. Veteran goalkeeper Vozinha delivered a heroic performance, making seven crucial saves to keep Spain scoreless. The unexpected result became one of the tournament’s biggest upsets so far, highlighting the unpredictability of football and the growing risks associated with high-stakes prediction market betting.

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