Four anonymous accounts have reportedly placed a staggering $30 million on Trump winning the upcoming presidential election in November. The bets were placed on Polymarket, a crypto-based prediction market, where wagers on the former president have surged recently.
While national polls by FiveThirtyEight show Harris leading by 2.5 points, Polymarket’s betting odds on Friday favored Trump with 60% versus Harris' 39%. This unexpected surge in pro-Trump betting can be linked to four key accounts: Fredi9999, Theo4, PrincessCaro, and Michie. Together, these accounts have bet tens of millions in cryptocurrency on Trump securing the presidency.
The Wall Street Journal first reported this betting spree, noting that all four accounts were funded through Kraken, a US-based crypto exchange. Blockchain analyst Miguel Morel from Arkham Intelligence, which tracks crypto activity, suggested that these accounts are likely controlled by the same entity due to their identical betting patterns.
Polymarket is now investigating this flurry of activity, according to sources. Some speculate that Trump could use these betting odds to fuel claims of a "rigged" election if he loses, with concerns rising about the potential for these crypto-driven odds to shape public perception. Crypto investor Adam Cochran warned that such bets could create an artificial sense of momentum for Trump, calling it "the most efficient political advertising" available.
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