Three cryptocurrency wallets earned a combined $24.25 million from Polymarket prediction markets tied to the World Cup before routing the funds through a shared Binance deposit address. Blockchain analytics firm LookOnChain identified the accounts on June 21 and noted their strong winning records across 13 of 16 settled bets.
The wallets, named mintblade, GRIMDRIP and EndlessFate, recorded profits of $9.24 million, $7.6 million and $7.41 million respectively. Each account transferred its proceeds to the Binance deposit address 0xB08B…317D after ceasing further trades.
LookOnChain observed that the common withdrawal route could suggest a single operator but stated it does not prove insider access. Neither Polymarket nor Binance has confirmed the findings.
The activity occurred amid record trading volumes on World Cup contracts, with more than $5 billion exchanged across Polymarket and Kalshi. Polymarket’s contract on the tournament winner reached about $3 billion in cumulative volume.
Dara Campbell of Hashgraph Ventures said the numbers exceeded expectations for the expanded 48-team tournament. No public evidence has linked the wallets to nonpublic information.
