Polymarket Gambler Nets $85M from Trump Bet, Surpassing Estimates
TL;DR Summary
A French bettor, known as Théo, reportedly made $85 million in profits by betting on Donald Trump's election victory through the online platform Polymarket. Théo, who operated 11 accounts, placed over $70 million on Trump's win, despite polls indicating a close race. The platform's predictions were more accurate than traditional polls, showing Trump with a higher chance of winning. Théo, a wealthy individual with trading experience, emphasized his bets were purely for profit, not to influence the election. The French gambling regulator is investigating Polymarket's compliance with national laws.
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