Trump's Polymarket Surge Powered By $30 Million Bet By Just 4 Accounts

Discussion in 'Politics' started by TrAndy2022, Oct 19, 2024.

  1. piezoe

    piezoe

    Cheer up pal. It's a win-win for you, since there will be a new administration regardless of which candidate the Supreme Court eventually decides has won.
     
    Last edited: Oct 20, 2024
    #11     Oct 20, 2024
  2. ipatent

    ipatent

    French trader bet over $28 million on Trump election win using 4 Polymarket accounts

    A stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election.

    Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.

    A company spokesperson in a statement to CNBC described the whale as a French national with “extensive trading experience and a financial services background.”

    The statement said the trader’s accounts were funded from a “well-known centralized crypto exchange,” which other outlets have identified as the U.S.-based exchange Kraken.

    The company insisted that it has found no evidence that the trader is trying to juice Trump’s odds on the political betting market.
     
    #12     Oct 24, 2024