ChainCatcher reported that on the decentralized prediction market Polymarket, the probability of Trump's victory plummeted due to a large account 'larpas' selling $3 million worth of Trump contracts, before slightly recovering to 58.1%.
This large sell-off coincided with crypto analyst GCR announcing on Twitter that he had realized profits from his Trump bets, triggering panic among traders. GCR has been bullish on Trump since 2021, and this profit-taking has attracted widespread attention in the market.
Additionally, another large bettor 'Théo' has invested over $30 million on Trump's victory, betting on him winning both the electoral votes and the popular vote. Théo stated that his trades are motivated by profit, not political reasons, believing that polls underestimate Trump's supporters.