A Polymarket trader faced a significant $3.6 million loss betting on Mike Tyson in Friday's Netflix boxing event, following their earlier $11 million win on Donald Trump's presidential bid. The trader, known as "zxgngl," purchased over 11 million shares at 33¢, reflecting one-third odds.

The controversial match between Jake Paul and Mike Tyson drew skepticism from the start, primarily due to the 30-year age gap between the competitors. Tyson, now 58, hadn't fought professionally since 2005 when he retired after losing to Kevin McBride.

Special regulations were implemented for the bout, including:

• 14-ounce gloves for Paul (instead of standard 10-ounce)
• Eight two-minute rounds
• Nine state gaming regulators prohibited betting due to nontraditional rules

The fight, delayed from July due to Tyson's health concerns, failed to meet expectations. Despite Tyson being favored at 63.5% on Polymarket, the match was criticized for lack of action, with crowds booing in later rounds.

Total wagers on Polymarket for the event exceeded $63 million, with many bettors hoping to see Tyson prevail against the YouTube star-turned-boxer. Despite rumors of a scripted outcome, the underwhelming match appeared genuine, resulting in Paul's victory and a substantial loss for the confident Polymarket trader.

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