10th February, 2026 – Rapper Preme, a close associate of Drake, lost nearly $185,000 on Polymarket after betting that Cardi B would not perform at the Super Bowl LX halftime show on February 8, 2026. His bet failed when Cardi B appeared on stage dancing with Bad Bunny, which Polymarket counted as a performance. The incident highlights how unclear rules can lead to big losses and raises fresh questions about fairness and insider trading in crypto prediction markets.
High Signal Summary For A Quick Glance
- Vague market definitions can override insider knowledge and still result in unexpected losses.
- Platform-specific interpretations effectively level outcomes for all users, regardless of intent or expertise.
- The episode increases visibility for prediction markets while highlighting trust, governance, and regulatory risks.
- Retail traders: Reduced trust due to vague or unclear market definitions.
- Token holders: Indirect sentiment risk for POL as platform credibility is questioned.
- Institutions: Insider concerns and dispute resolution uncertainty may delay adoption.
- Builders: Increased pressure to improve rule clarity, transparency, and dispute processes.
Super Bowl Halftime Bet Sparks Polymarket Insider Trading Debate
The issue stems from the Super Bowl LX halftime show on February 8, 2026, led by Bad Bunny, where surprise guests like Cardi B appeared but only danced. Polymarket had active bets on performers, fueled by speculation on X. Rapper Preme placed $185K betting that Cardi B and Drake would not perform, seemingly assuming “perform” meant singing. Polymarket’s broader definition, which included dancing, resulted in unexpected losses.
Polymarket has faced similar disputes before, including large bets tied to insider-like timing on events such as Nicolás Maduro’s capture and Google’s Year in Search. While these cases spark backlash and regulatory calls, they often boost Polymarket’s visibility without major crypto market fallout.
Key milestones in the Polymarket Super Bowl LX “performer” dispute
Rumor-driven betting ramps up
Speculation across X and music sites about surprise Super Bowl LX guests drives heavy volume into Polymarket “will X perform” markets.
Preme places high-stakes “No” bet
Preme opens a Polymarket account and wagers about $185K that Cardi B and Drake will not perform during Super Bowl LX.
On-stage appearance triggers “Yes” outcome
During the halftime show, Cardi B appears on stage dancing—an appearance that qualifies as “performing” under Polymarket’s market rules.
Backlash goes viral after loss
Preme posts complaints on X and later deletes them as the roughly $178K loss spreads rapidly across crypto and betting circles.
Wider scrutiny on prediction market fairness
Debate escalates around insider access, market definitions, and resolution standards, with no official investigation publicly announced.
Community Reactions on X
Rapper PremePreme’s Polymarket loss went viral on X, with many users laughing at an insider-style bet failing over the meaning of “performing.” Traders joked that industry connections don’t guarantee wins and shared memes about the $178K loss. While some raised concerns about fairness and unclear rules, most praised Polymarket for resolving the market quickly. Overall, the episode was seen as a lesson that prediction markets don’t reward ego or insider tips.
What to Watch Next
- Preme’s Response: See if Rapper Preme makes new statements or challenges his $185K loss.
- Polymarket Rules: Watch for clearer definitions and rule updates from Polymarket.
- Regulation: Look for moves by U.S. regulators as prediction markets face more scrutiny.
- Future Markets: Pay attention to upcoming celebrity and event bets where similar issues could return.
