Bettors on Polymarket have wagered a staggering $1.1 billion on the outcomes of the Superbowl, where the Philadelphia Eagles triumphed over the Kansas City Chiefs. This marked a significant increase in sports betting activity on the platform, surpassing the volume of U.S. election betting which amounted to $5.2 billion. Despite facing regulatory scrutiny, with some countries banning the platform and the U.S. Commodity Futures Trading Commission targeting user data, Polymarket continues to thrive. Notable profits emerged, such as a trader named 'abeautifulmind' earning over $550,000 from bets on the Eagles, while another user, 'hubertdakid,' faced a loss of $718,633 betting against them. Lifetime volumes from sports contracts on Polymarket have now exceeded $6 billion.

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