A Polymarket prediction-market trader known as DEEDDIT recouped an $10.8 million loss in two weeks, drawing attention. The account’s cumulative profit turned to more than $8 million.

On July 15, blockchain media outlet The Crypto Basic reported that the decisive trigger was a Spain bet placed on July 14. DEEDDIT wagered $11.3 million on a prediction that Spain would beat France and advance in a 2026 International Federation of Association Football (FIFA) World Cup semi-final. Spain won 2-0, and the account booked a $9.9 million profit in a single day.

The decisive bet was the Spain-France match. DEEDDIT entered on Spain’s chances at a price of 44.5 cents, and the position paid about $10.98 million after Spain’s 2-0 win.

The account joined Polymarket in June 2026 and has taken part in 17 predictions so far. The biggest profit on a single trade was $6.1 million. It also made profits on World Cup matches related to France, Switzerland, Argentina, the United States, Norway, England and Mexico.

The case aligns with renewed attention on large bets in prediction markets such as Polymarket. Lookonchain said a whale holding $75.4 million opened a 5 times leveraged long position on 20,000 CXMT tokens. The entry price was $6 and the position size was $164,000. The trade was showing an unrealised profit of $44,000 at the time, with additional limit orders also placed.

Another example cited was a memecoin trade in CASHCAT. One trader bought 16.3 million tokens and then sold the entire holding for $2.855 million, posting a 952 times return.

The string of large trades comes as the crypto market has recently rebounded. Bitcoin rose about 3.4 percent in the past 24 hours to trade around $64,800, while the overall crypto market rose about 2.9 percent. The market reflected expectations that the Federal Reserve could soften the intensity of tightening after the June U.S. consumer price index (CPI) came in milder than expected.

In this trend, market participants are watching the release of the U.S. producer price index (PPI). Crypto analyst Ted Pillows said bitcoin has historically shown big volatility around PPI releases. With cases this year in which related data releases were followed by double-digit swings, market attention is focused on whether the next move extends the rebound or shifts into a pullback.