Did Cristiano Ronaldo cry? The hotly debated answer cost millions of dollars
Polymarket marked the $5 million market “Yes” after users debated whether Ronaldo’s face showed tears, while Kalshi partially refunded bettors.
- On Monday, Portugal lost to Spain 1-0 in the World Cup, prompting bettors to wager millions on whether soccer superstar Cristiano Ronaldo cried during his potentially final match.
- Prediction markets like Polymarket and Kalshi have opened the door for bets on ambiguous events, ranging from celebrity appearances to geopolitical occurrences, allowing users to gamble on outcomes that defy clear resolution.
- Discord users scrutinized zoomed-in photos and video frame-by-frame, with odds settling around 70% favoring tears as the debate intensified; a source familiar with the process called the footage "a total Rorschach test."
- Polymarket marked its $5 million market as "Yes," citing photographic evidence, while Kalshi partially refunded users following complaints filed with federal regulators regarding the platform's judgment.
- Ron Yurko, an Assistant Teaching Professor in Statistics and Data Science at Carnegie Mellon University, described the regulatory environment as a "Wild West," warning that ambiguous markets invite "hyperfixation" and litigation.
12 Articles
12 Articles
Did Cristiano Ronaldo cry? The hotly debated answer cost millions of dollars
This World Cup, a bunch of people decided to gamble millions on whether soccer superstar Cristiano Ronaldo would cry during a match. The bet, which happened on Polymarket, isn’t weird for the wild world of prediction markets. Like whether aliens will be announced by the US government, whether a coup attempt will take place in Russia — even whether the earth is flat. (One trader lost $915 betting against the earth’s sphericity). So traders lookin…
The betting world is increasingly creative and this time the target was Cristiano Ronaldo, or rather, Ronaldo's tears. Thousands of people have decided to bet whether or not the Portuguese crack was crying in any game of the World Cup. CNN International journalist Jon Sarlin reveals every detail.
Did Cristiano Ronaldo cry after Portugal's loss to Spain at the World Cup? This question inflamed not only fans but also those who, before the match, placed millions of dollars on a prediction platform that the soccer star would or wouldn't shed tears after the final whistle in front of the world. The decision of the betting company sparked a heated debate.
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