CandleFocus Whales spent more than $70M in Polymarket bets on Trump’s victory
2024-10-29
Author: Content Editor
Whale wallets have spent over $70 million on Polymarket bets on Trump's election victory. 10 major whale wallets were behind the bids, with $70.6 billion spent to buy 'yes' tokens, increasing the chances of a Trump win to 66.7%. Four of the wallets are believed to belong to the same person, who is a French national. Polymarket is not a poll website, but the bets reflect the confidence and risk-taking of individual players. The Trump-Harris betting pair reached volumes of $2.7 billion, with 31,000 unique active users. There are concerns that the whales may be swaying the market, with speculation and fluctuations in odds. Despite clear odds, not all traders are making gains, and Polymarket denies deliberate manipulation.
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