Polymarket's Election Bets Highlight Web3's Impact Amid Controversy

A major bettor on Polymarket, known as a 'whale,' has incurred $3 million in unrealized losses after betting on a Trump election win, as odds shifted towards Kamala Harris. The bettor, identified as Théo from France, controls a significant portion of contracts for Trump to win, with $30 million wagered. Despite the losses, Théo maintains a high-conviction view on Trump's chances, though he faces challenges in liquidating his positions due to market liquidity issues.