According to crypto analytics platform Arkham, a high-conviction gambler could win $48,350,000 if Trump wins in Tuesday’s US presidential election.
Arkham say a whale trader put $27.15 million on the crypto betting platform Polymarket in hopes of winning more than $48 million if Republican Donald Trump wins.
Arkham also reports other big bets on Trump and on his Democratic challenger Kamala Harris.
“Who will win the most in the elections?
Trump:
- Fredi9999 (four accounts) wins $48.35 million (cost base: $27.15 million).
- zxgngl wins $24.75 million (cost basis: $15.21 million).
- GCottrell93 wins $13.28 million (cost base: $8.82 million).
Kamala:
- Ly67890 (four accounts) to win $16.06 million (cost basis: $5.91 million).
- ler to win $10.87 million (cost basis: $5.02 million).
- markitzero wins $8.36 million (cost basis: $4.04 million).”
Arkham is reporting on bets still pouring in on the morning of Election Day, including a Polymarket user named ‘wallet mobile’ who just bet $10 million on Donald Trump winning the election, and stand to win $16 million.
Some Trump better players are add on their total stakes as voters head to the polls on Tuesday. The aforementioned “zxgngl” wallet added nearly $5 million to their bet early on Election Day, according to Arkham.
“$30 million if Donald Trump wins. Polymarket user ‘zxgngl’ has now spent $18 million betting on Trump, making him the biggest Trump bet on Polymarket. He will win $29.47 million if Trump wins the election.”
The Wall Street Journal recently reported that a Frenchman calling himself “Theo” gambled more than $30 million on Polymarket that Trump would win.
“My intention is to make money… I have absolutely no political agenda.”
The bets are organized as soon as major news outlets mention the race.
Says Polymarkt,
“This presidential market comes about when the Associated Press, Fox and NBC all call elections for the same candidate. In the unlikely event that that does not happen, the market will remain open until the inauguration and a decision will be made on who will be inaugurated.”
At the time of writing, Polymarket’s presidential election betting has generated $3.282 billion in volume, giving Donald Trump a 60% chance of winning.
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Generated image: Midjourney