Trump Polymarket Whale Has $30M Bet On Former President Winning 2024 Election: 'My Intent Is Just Making Money'
Portfolio Pulse from Chris Katje
A French trader, known as Théo, has placed a $30 million bet on Donald Trump winning the 2024 presidential election on the prediction market Polymarket. Théo claims his motivation is purely financial, not political. His bets represent a significant portion of the market, raising questions about market integrity. Polymarket does not allow U.S. residents to wager, and Théo's identity remains partially anonymous.
November 01, 2024 | 8:07 pm
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POSITIVE IMPACT
Ethereum is used for transactions on Polymarket, where a French trader has placed a $30M bet on Trump winning the 2024 election. This could increase Ethereum's usage and demand.
Ethereum is used for transactions on Polymarket, and a large bet on Trump could increase activity on the platform, potentially boosting demand for ETH.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Polygon network facilitates transactions on Polymarket, where a $30M bet on Trump winning the 2024 election was placed. This could lead to increased usage of the Polygon network.
The Polygon network is used for transactions on Polymarket. A large bet on Trump could increase network activity, potentially benefiting MATIC.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
USDC is used for deposits on Polymarket, where a $30M bet on Trump winning the 2024 election was placed. This could increase the demand for USDC as a stablecoin.
USDC is used for deposits on Polymarket. A large bet on Trump could increase the demand for USDC as users engage more with the platform.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70