CoinVoice has recently learned that, according to Cointelegraph, as the US presidential election approaches, the behavior of top bettors on Polymarket has raised concerns that the prediction market may be manipulated. Former President Donald Trump's odds of winning the 2024 US presidential election continue to rise, largely due to the influence of Polymarket user "Fredi9999", who is a large bettor who holds more than $20 million worth of pro-Trump bets.
Alex Momot, founder and CEO of Peanut Trading, said Trumpâs growing lead raises questions because it doesnât seem to be tied to real-world events that could explain the shift in public opinion.
Currently, Trump's odds have risen to 60.2% on Polymarket. Analysts point out that this market dynamic may affect the public's perception of the election results and emphasize the need to evaluate the manipulation of the prediction market. [Original link]
