Polymarket says one French whale is responsible for the lion's share of bets on a Trump win, to the tune of $28 million worth of crypto

Contributing sentiments towards policy:

76% : Although the "Presidential Election Winner 2024" market shows Trump with a great advantage over Harris, the "Popular Vote Winner 2024" shows Harris in the lead.
66% : Young said this could be because Trump appears to be stronger in the swing states.
57% : And Polymarket just told The New York Times' Dealbook that all four four accounts -- Polymarket users Fredi9999, Theo4, PrincessCaro, and Michie, which had bet a collective $28 million that Trump would win the 2024 presidential election -- are all owned by one French national with "extensive trading experience.
52% : Prediction markets like Polymarket and PredictIt also show Trump winning the election, but by a much steeper margin than some of the polls.
52% : PredictIt shows Trump in the lead with a 59% chance and Harris at 43%.
46% : Another Polymarket user, zxgngl, has been on a buying spree in recent days, betting more than $5 million worth of crypto on Trump retaking the Oval Office.
45% : Starting earlier this month, four Polymarket accounts started pouring millions of dollars worth of bets that Trump would win the election.
44% : As of Wednesday, Polymarket users have indicated Trump has nearly a 64% chance of winning the election, with Harris trailing at just 36%.
39% : ""They're either super convinced that Trump would win, or explicitly to influence the market optics in favor of their candidate in an effort to help his odds of being elected," Marinier said.
36% : With more than $35 million in bets being quickly poured into the presidential election market, it's no wonder Trump appears to be ahead.
35% : "Plus, given that Polymarket is crypto-based and Trump is pro-crypto, "it would seem to be an indicator that Trump supporters are just more willing to bet on him than 'wisdom,'" Kailas adds.
14% : This could be a key element in cracking the code on why Trump is seemingly pulling so far ahead of Harris, especially since only a handful of Polymarket users appear to be swaying the election odds.

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