{"id":611330,"date":"2026-06-08T06:03:46","date_gmt":"2026-06-08T06:03:46","guid":{"rendered":"https:\/\/Blockchain.News\/news\/crypto-selloff-lifts-world-cup-prop-bets-on-mbappe-lead-0hnm54ep83tc0"},"modified":"2026-06-08T06:03:46","modified_gmt":"2026-06-08T06:03:46","slug":"crypto-selloff-lifts-world-cup-prop-bets-on-mbappe-lead","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/08\/crypto-selloff-lifts-world-cup-prop-bets-on-mbappe-lead\/","title":{"rendered":"Crypto selloff lifts World Cup prop bets on Mbappe lead"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/image.blockchain.news\/thumbnails\/521855E11605D04DC73150DE07C954753591E1FFBE650F256C753E3C4803B149.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<h2>Developments<\/h2>\n<p>Bitcoin and ether faced a steep weekly decline, with BTC trading near $60,000 after a week of outsized losses. In the wake of that market move, a Polymarket contract on the World Cup Golden Boot Winner saw heightened activity as traders price the leading outcomes for the event.<\/p>\n<p>Bitcoin and ether slipped sharply through the week, marking one of the worst weekly drawdowns since the FTX collapse, as the crypto market shed roughly $390 billion in value. The pullback came amid heavy ETF outflows, a large-scale sale by Strategy, and renewed concerns about Fed rate hikes, which pushed major tokens toward fresh multi-month lows. BTC traded just above $60,000 and ETH hovered around $1,550, leaving the sector vulnerable to further liquidations as leverage unwind continued. Across the broader crypto complex, derivatives traders faced notable pressure with widespread liquidations, underscoring a risk-off mood that spilled into related markets, including futures and options activity on platforms like Polymarket.<\/p>\n<h2>Prediction Market Reaction<\/h2>\n<p>Leading outcome: Kylian Mbappe holds the highest implied probability at 17.5% with Yes odds mirrored at 17.5% and No at 82.5%. Other strikes show steep skew away from favorite, with Harry Kane at 13.5% Yes and 86.5% No, Mikel Oyarzabal at 7.5% Yes and 92.5% No, and Erling Haaland at 6.5% Yes and 93.5% No. The total market volume sits near $3.28 million with active trading across multiple strikes, indicating concentrated bets on the top contenders and sizable hedging against tail outcomes as settlement approaches on the 20th of July.<\/p>\n<h2>By the Numbers<\/h2>\n<ul>\n<li><strong>Platform:<\/strong> Polymarket<\/li>\n<li><strong>Market:<\/strong> <a rel=\"noopener\" href=\"https:\/\/polymarket.com\/event\/world-cup-golden-boot-winner\">World Cup: Golden Boot Winner<\/a><\/li>\n<li><strong>Contract type:<\/strong> Price strike ladder: each rung has separate Yes\/No; Yes means the spot price is above that USD strike at settlement.<\/li>\n<li><strong>Resolution window:<\/strong> Jul 20, 2026 (UTC)<\/li>\n<li><strong>Status:<\/strong> Active (open for trading)<\/li>\n<li><strong>Volume:<\/strong> ~$3,283,978<\/li>\n<li><strong>24h change:<\/strong> +0.0 pp<\/li>\n<\/ul>\n<p><strong>Top strike rungs<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Strike<\/th>\n<th>Yes<\/th>\n<th>No<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Kylian Mbappe<\/td>\n<td>17.5%<\/td>\n<td>82.5%<\/td>\n<\/tr>\n<tr>\n<td>Harry Kane<\/td>\n<td>13.5%<\/td>\n<td>86.5%<\/td>\n<\/tr>\n<tr>\n<td>Mikel Oyarzabal<\/td>\n<td>7.5%<\/td>\n<td>92.5%<\/td>\n<\/tr>\n<tr>\n<td>Erling Haaland<\/td>\n<td>6.5%<\/td>\n<td>93.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>+40 more strikes not shown<\/em><\/p>\n<h2>Related Markets<\/h2>\n<p> <a href=\"https:\/\/blockchain.news\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developments Bitcoin and ether faced a steep weekly decline, with BTC trading near $60,000 after a week of outsized losses. In the wake of that market move, a Polymarket contract on the World Cup Golden Boot Winner saw heightened activity as traders price the leading outcomes for the event. Bitcoin and ether slipped sharply through [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":611331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[25445,25],"class_list":{"0":"post-611330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-macrofed-prediction-markets","9":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/611330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=611330"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/611330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/611331"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=611330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=611330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=611330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}