On Monday, a Polymarket whale named "larpas" sold over $3 million in bets favoring Donald Trump in the upcoming Presidential election, causing an impact on Polymarket's reported odds. This sell-off occurred following a discussion by crypto trader GCR, who suggested an error in the markets' assessment of right-wing candidates and profited from it. GCR claimed his predictions were accurate and advised against using leverage or engaging in reckless gambling. The 2024 Presidential election has led to a billion-dollar market for political Polymarket bets, with Robinhood even offering election betting. However, research suggests that Trump's odds on the platform have been systematically inflated, with up to 30% of trades favoring him being fake. This raises concerns that other individuals might also benefit from gaming prediction markets in the next 24 hours.



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