A Polymarket trader ranked 297,600th is now 18th in esports

Five days ago, we wrote about a wallet that had put its entire balance, $480,146, on a Dota 2 best-of-three and was already $30,745 down before the first game started. That bet paid $476,962.

Since then, 0x6d20c35f has climbed from 130th on Polymarket's all-time list to 68th, and from 297,600th in its esports rankings to 18th. Lifetime profit is $2,011,660 on $59,440,290 of volume. Right now the account holds no positions and no cash. But don't let that fool you.

At 5:17 AM Eastern this morning, it began buying DN SOOPers to beat Kiwoom DRX in a League of Legends qualifier, 396,997 shares at 65 cents inside the first minute and 511,038 in total over ninety minutes, adding all the way down to 46. At 8:00 AM, it sold 862,213 shares in a single order at 99.9 cents for $861,308.

13 minutes before that sale, it had started buying a tennis match in Astana, and it kept buying at 63 cents, at 68, at 89.8, at 96.7, and eventually 84 separate times at 99.5 or better, ending with 992,335 shares for $757,820. In between, it bought 719,677 shares of Diana Shnaider at 33 cents and sold every one of them 39 minutes later at 25.7 for a $53,743 loss.

That's $2,372,073 of turnover in 3 hours and 24 minutes. So, what happened next?

The tennis redeemed $992,335, and an hour later, $992,335.32 left the account. Two more withdrawals of $650,000 and $82,737 followed. The deposits that funded the morning had arrived earlier at $250,040, $250,036, $249,923, and $250,021.

This wallet is extremely strategic. A 3.5% total profit on $59 million volume, no overnight risk in a month, a losing position cut inside 40 minutes, capital arriving in capped tranches and swept back out to the exact cent. That is how a trading desk runs.

Except desks also do not lose $693,659 on a single tennis match, which is this account's worst result, or swing from plus $589,000 to minus $496,000 inside 5 July days. Unless the desk's total portfolio exceeds $50 million. In that case, a $500,000 loss would be approximately 1%.

The other thing we wanted to point out is that last Wednesday he was up $2.4 million in sports and down $886,000 in esports. But today he is up $1.8m in sports and up $596,000 in esports.

As Caesar famously said, “Veni, vidi, vici,” which translates to “I came, I saw, I conquered.” The wallet made its way into esports betting and emerged as one of the best traders.