Financial player bets $30 million on Polymarket, believes Trump will win
A big bet on Polymarket
An investor under the pseudonym Theo has placed multiple bets totaling $30 million on the prediction platform Polymarket. All bets are tied to the results of the U.S. presidential election, with a potential payout of up to $80 million.
According to The Wall Street Journal, the French investor sees these large bets not as a political statement but as a calculated financial move.
“My goal is to make money. I have absolutely no political agenda,” he emphasized.
His bets cover multiple election outcomes, including Donald Trump’s potential victory in the presidential race, success in the popular vote, and wins in crucial swing states like Pennsylvania, Wisconsin, and Michigan.
The investor’s strategy is based on his extensive financial experience and data from previous elections, particularly polls from 2016 and 2020, when Trump’s performance was underestimated.
If successful, Theo could win $80 million. However, a wrong prediction could mean he loses everything.
What is Polymarket?
Polymarket is a decentralized event prediction platform that allows users to place bets on the outcome of various events using cryptocurrency. The platform leverages blockchain technology to create smart contracts, ensuring data transparency and security.
The platform has gained popularity for its ability to forecast future events based on collective opinion, creating a kind of “market consensus” on key issues.
With the U.S. election approaching on November 5, Bitcoin volatility has reached a three-month high.
