With the U.S. election outcome imminent, Polymarket has seen significant interest from anonymous high-stakes bettors wagering millions on former President Donald Trumpās victory.
The offshore crypto-based betting platform shows that one notable bettor stands to earn as much as $29 million if the Republican candidate wins the election.
Itās worth noting that while Trump indeed proclaimed victory, it still hasnāt been confirmed by all responsible authorities.
A Polymarket account identified only as āzxgnglā has staked $18 million on Trump winning the Electoral College, potentially yielding over $29 million in winnings if he secures the victory.
Data from blockchain analysis firm Arkham Intelligence reveals that this account was created in October by an anonymous user, who made a series of heavy investments, including $5 million in a single day this past Monday.
Another significant wager comes from an account named āwalletmobile,ā which has invested $10 million on the same outcome. Arkham Intelligence data shows that this bettor would walk away with $16 million if Trump wins. Polymarket shows that āwalletmobile,ā while initially set up in September, only began making large-scale bets earlier today.
These accounts are the latest to join a wave of high-stakes betting on Polymarket. The Wall Street Journal recently reported that a French bettor, who identifies as āTheo,ā has staked more than $30 million across four separate accounts in favor of a Trump victory.
While Trump supporters dominate the high-dollar betting, Vice President Kamala Harris has also gotten bets. An account named āleierā has invested approximately $5 million on a Harris victory, which would yield nearly $11 million if she wins. Bettors supporting either candidate face an all-or-nothing risk, with a chance to earn substantial returns or lose their entire stake.
At the time of writing, Polymarket showed a 95% probability of a Trump victory, with the platform asserting Trumpās impending success on its X account.
āTrump is about to give his victory speech. His odds have been >95% on Polymarket for hours. Yet the mainstream media is still stringing you along for ācritical callsā and āpaths to victory,āā the post stated.
Trumpās victory is particularly important for the crypto sector. Throughout his campaign, he maintained a friendly stance on crypto, even proclaiming at the Bitcoin conference in Nashville, Tennessee, that he would fire Gary Gensler, chair of the Securities and Exchange Commission (SEC), who has pursued a more restrictive approach toward digital assets.
Trump has also suggested that he would consider eliminating U.S. taxes on cryptocurrencies, opting instead for a tariff system that could redefine the industryās regulatory landscape.
The post Polymarket Bettor to Earn $29M as Trump Declares Victory appeared first on CryptoPotato.
The offshore crypto-based betting platform shows that one notable bettor stands to earn as much as $29 million if the Republican candidate wins the election.
Itās worth noting that while Trump indeed proclaimed victory, it still hasnāt been confirmed by all responsible authorities.
Potential $29 Million Payout
A Polymarket account identified only as āzxgnglā has staked $18 million on Trump winning the Electoral College, potentially yielding over $29 million in winnings if he secures the victory.
Data from blockchain analysis firm Arkham Intelligence reveals that this account was created in October by an anonymous user, who made a series of heavy investments, including $5 million in a single day this past Monday.
Another significant wager comes from an account named āwalletmobile,ā which has invested $10 million on the same outcome. Arkham Intelligence data shows that this bettor would walk away with $16 million if Trump wins. Polymarket shows that āwalletmobile,ā while initially set up in September, only began making large-scale bets earlier today.
These accounts are the latest to join a wave of high-stakes betting on Polymarket. The Wall Street Journal recently reported that a French bettor, who identifies as āTheo,ā has staked more than $30 million across four separate accounts in favor of a Trump victory.
While Trump supporters dominate the high-dollar betting, Vice President Kamala Harris has also gotten bets. An account named āleierā has invested approximately $5 million on a Harris victory, which would yield nearly $11 million if she wins. Bettors supporting either candidate face an all-or-nothing risk, with a chance to earn substantial returns or lose their entire stake.
Polymarket Odds In Favor of Trump
At the time of writing, Polymarket showed a 95% probability of a Trump victory, with the platform asserting Trumpās impending success on its X account.
āTrump is about to give his victory speech. His odds have been >95% on Polymarket for hours. Yet the mainstream media is still stringing you along for ācritical callsā and āpaths to victory,āā the post stated.
Trumpās victory is particularly important for the crypto sector. Throughout his campaign, he maintained a friendly stance on crypto, even proclaiming at the Bitcoin conference in Nashville, Tennessee, that he would fire Gary Gensler, chair of the Securities and Exchange Commission (SEC), who has pursued a more restrictive approach toward digital assets.
Trump has also suggested that he would consider eliminating U.S. taxes on cryptocurrencies, opting instead for a tariff system that could redefine the industryās regulatory landscape.
The post Polymarket Bettor to Earn $29M as Trump Declares Victory appeared first on CryptoPotato.
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