Whale Sheds $4M in Trump Win-Related Bets on Polymarket Amid Elections Uncertainty
A prediction market Polymarket user sold nearly $4 million in bets related to former US President Donald Trump's victory in the Nov. 5 elections
A large investor sold nearly $4 million in bets on former US President Donald Trump's victory in the Nov. 5 elections on prediction market Polymarket in the past 24 hours.
The investor, identified as “larpas” by on-chain data platform Arkham Intelligence, had accumulated over $15.3 million in trading volume across 24 different markets.
According to Polymarket activity history, most of the bets were related to a Trump win and Vice President Kamala Harris' loss.
The selling started one minute after known trader GCR suggested users exit election-related polls until Nov. 5. He mentioned the 2000 US presidential elections, which were decided by “a mere 537 votes,” cautioning traders not to push their luck.
Galaxy said its data on 17 different election venues revealed that Trump's odds of winning fell in 9 of them. Nevertheless, the Republican representative still wins on 14 predictions, comprising proprietary models, prediction markets, and aggregators.
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