Rapper Preme Loses $185K On Polymarket After Betting On Cardi B Not Performing

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.

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.