Prediction Markets Traded $460M on Mexico-England Round-of-16; England Won 3-2 as Red Card Triggered Price Swings

KALSHI-2.82%
According to Bitcoin.com News, prediction markets processed nearly $460 million in trading volume on the Mexico-England World Cup round-of-16 fixture, with Kalshi accounting for $402 million and Polymarket $57.7 million. England defeated Mexico 3-2 to advance to the quarterfinals. The market experienced sharp price swings tied to in-game events: England's win probability spiked toward the mid-80s after Jude Bellingham scored twice in 98 seconds, then tumbled when Jarell Quansah received a straight red card in the 54th minute, before recovering as Harry Kane converted a penalty in the 60th minute to restore England's two-goal lead.
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