Cabo Verde, a volcanic archipelago of roughly 600,000 people off the west coast of Africa, just held Uruguay to a 2-2 draw at the 2026 FIFA World Cup. Coach Pedro Leitão Brito, known as Bubista, is understandably optimistic about his team’s chances of advancing further.

That result came on June 21, just six days after Cabo Verde ground out a 0-0 draw against Spain on June 15. For a nation competing in its first-ever World Cup, those are remarkable outcomes.

Prediction markets are paying attention, even if crypto sponsors aren’t

Cabo Verde’s unlikely World Cup run has generated notable activity on prediction market platforms like Polymarket. Bettors and speculators are placing wagers on match outcomes…