CandleFocus

High-Stakes Bets: Crypto Whale Bets Millions on Trump’s Election Victory

A cryptocurrency investor named "zxgn6l" has gained attention in the crypto community for betting on Donald Trump's chances of winning the 2024 US Presidential Election. The investor has withdrawn a total of $14.2 million USDC from Binance to bet on Trump, despite suffering a loss of $1.23 million from previous Trump bets. zxgn6l is now using the decentralized platform Polymarket to invest in shares for the market titled "Will Donald Trump win the 2024 US Presidential Election?" This high-risk betting raises questions about the role of cryptocurrencies in politics, but also highlights the potential of crypto-based prediction markets in influencing future political outcomes.

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