Polymarket Whale's Massive Trump Bet Sparks Debate and Profits
TL;DR Summary
A French bettor known as Théo made $48 million in profits by wagering $30 million on Donald Trump's victory in the U.S. presidential election through the crypto-based betting platform Polymarket. Théo, who managed four accounts on the platform, placed bets on Trump winning the Electoral College and the popular vote, as well as on Republican candidates in swing states. Despite media speculation about his motives, Théo claims his bets were purely financial, with no political agenda. Polymarket highlighted its predictive accuracy compared to traditional polls.
- Polymarket ‘whale’ who bet big on Trump win raked in $48M in profits New York Post
- Polymarket users have wagered $3.2 billion on the outcome of the election—and the majority of bets are on Trump winning Fortune
- Exclusive | The Trump-Betting Whale Speaks Out: ‘I Have Absolutely No Political Agenda’ The Wall Street Journal
- The Polymarket 'whale' betting on a Trump win is down $3 million after Harris' odds jumped over the weekend Business Insider
- A French gambler’s $50m of bets inflated Trump’s odds - and is threatening democracy The Independent
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