A high-stakes gambler stands to win $48.35 million on Donald Trump’s election victory after placing a $27.15 million bet on Polymarket. Other significant wagers include $24.75 million and $13.28 million from different users, with total betting volume reaching $3.282 billion. As Election Day unfolds, bets continue to pour in, reflecting a 60% chance of Trump winning according to Polymarket.
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0 posts last weekTraders Adjust Strategies as Polymarket Odds Shift Ahead of Election
Traders are increasingly placing sell orders below $1 to secure profits amid fluctuating election odds, particularly for Trump and Harris. Recent activity shows a shift in major holders, with Trump’s odds tightening to 57% against Harris at 42%, as whale trading slows. Market depth has improved, with $12 million in sell orders below $0.99, reflecting heightened concerns over potential election challenges.
read moreCrypto Whales Invest Heavily in Donald Trump’s Election Chances
Crypto investors are heavily backing Donald Trump for the upcoming U.S. presidential election, believing his presidency would favor digital asset regulations. A notable whale recently purchased 4.48 million “Yes” shares on Polymarket, boosting Trump’s odds to 63.9%, while rival Kamala Harris’s chances fell to 35.8%. Another whale, Fredi9999, reportedly placed $28 million in bets across four accounts, raising concerns about the integrity of the betting market.
read morePolymarket Faces Ethical Concerns Amidst 2024 Presidential Betting Surge
Polymarket, a predictions market on Polygon, is gaining attention amid the U.S. presidential campaign, with Donald Trump currently favored to win at 61% over Kamala Harris. However, concerns about transparency arise as analysts suggest the platform is misleading users by emphasizing volume over open interest, which stands at around $200 million, far less than the reported $2 billion in market volume. As the election approaches, questions about the platform’s ethical practices and liquidity management continue to surface.
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