Just days before the American presidential election, polls show Kamala Harris and Donald Trump in a tight race with no clear frontrunner. However, betting site Polymarket gives Trump a 65% chance of winning compared to Harris’s 35%, according to La Voix du Nord.
Polymarket isn’t a polling institution; it’s an online betting platform. Remarkably, over $2.5 billion has been bet on the election’s outcome, including a staggering $28 million from a French bettor hoping for a Trump victory.
High-Stakes Bet “Based on Personal Opinions”
American media outlets report that four accounts (Fredi9999, Theo4, PrincessCaro, and Michie) have recently placed $28 million in cryptocurrency bets, collectively pushing Trump to lead in the betting odds. An investigation revealed these four accounts belong to a single French trader with extensive finance experience. Polymarket clarified that while this bettor influenced odds, there’s no evidence of market manipulation.
The bettor, whose identity remains unknown, reportedly said he placed his wager based on his personal views on the election and assured Polymarket he would refrain from creating additional accounts without notice.
Possible $14 Million Profit?
Should Trump win, the French bettor’s return could be significant. At Trump’s 65% chance of victory, his potential winnings would amount to $43.12 million, netting him a profit of $15 million. However, a Harris win would mean he loses the entire bet. […]
— Read More: rairfoundation.com
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