A Polymarket trader known as DEEDDIT has pulled off a remarkable turnaround on the prediction market platform. The trader recovered from a $10.8 million loss, transforming it into more than $8 million in all-time profit within two weeks. That’s according to on-chain analytics platform Lookonchain.
The comeback was completed on July 14. DEEDDIT placed an $11.3 million wager on Spain to advance against France in the 2026 FIFA World Cup semifinal. Spain’s 2-0 victory generated roughly $9.9 million in profit in a single day. That marked the end of the recovery.
Lookonchain called the performance legendary. The trader erased an eight-figure loss through a series of high-stakes sports prediction market bets. A screenshot of DEEDDIT’s Polymarket profile shows a one-day profit of $9.89 million. The Spain vs. France prediction was the trader’s biggest winning position.
The profile shows DEEDDIT bought Spain to advance at 44.5 cents. The position later paid out nearly $10.98 million. Other successful bets included markets involving France, Switzerland, Argentina, the United States, Norway, England, and Mexico across several World Cup fixtures. The account shows a largest single win of $6.1 million. It also indicates the trader has made 17 predictions since joining Polymarket in June 2026.
High-Stakes Trades Across Crypto Markets
The Polymarket comeback comes as Lookonchain continues to track large trades across digital asset markets. In a separate post, the analytics firm reported that a whale holding $75.4 million opened a 5x leveraged long position on 20,000 CXMT tokens. The position was worth about $164,000 at an entry price of $6. The trade was already showing a $44,000 unrealized gain. The trader also placed additional limit orders between $5.80 and $7.20 to increase exposure.
Lookonchain also highlighted another trader who turned 1.6 ETH, worth around $3,000, into 1,527 ETH by trading the memecoin $CASHCAT. The trader bought 16.3 million $CASHCAT tokens and later sold the entire position for about $2.855 million. That generated a 952-fold return.
Bitcoin Rally Faces Fresh Inflation Test
The wave of headline-making trades comes as the crypto market rebounds after softer-than-expected U.S. inflation data. Bitcoin rose about 3.4% over the past 24 hours to trade near $64,800. The broader cryptocurrency market gained roughly 2.9%.
The rally followed the June U.S. Consumer Price Index (CPI) report. The data strengthened expectations that the Federal Reserve may take a less aggressive approach to monetary policy. It also boosted demand for risk assets.
Traders are now watching the upcoming release of U.S. Producer Price Index (PPI) data. Crypto analyst Ted Pillows said Bitcoin has historically shown sharp volatility around PPI releases. Several reports this year have triggered double-digit moves in either direction. Traders remain divided on whether the next move will extend the current rally or trigger a reversal.
