Polymarket Records $2.6M Volume on Ronaldo Crying Market After Portugal's World Cup Exit

On July 6, Spain's Mikel Merino scored a late goal to eliminate Portugal in the World Cup round of 16, and the defeat triggered an unusual prediction market debate on Polymarket. A contract asking "Will Cristiano Ronaldo cry at the World Cup?" attracted over $2.6 million in trading volume as traders positioned themselves on whether Ronaldo's post-match reaction met the market's definition of a "Yes" outcome. Multiple media outlets reported Ronaldo appeared in tears, but market participants debated whether the available broadcast footage and photos would satisfy Polymarket's resolution criteria.
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