A French trader, known as Fredi9999 on the Polymarket predictions platform, is set to earn approximately $48 million from bets placed on Donald Trump's election outcome. This significant profit highlights the impact of the election results on crypto market participants.
A French trader has placed over $28 million in bets on Donald Trump winning the 2024 presidential election through four Polymarket accounts, all controlled by the same individual. Despite scrutiny, Polymarket found no evidence of market manipulation, emphasizing that prediction markets reflect event likelihood rather than voter intent. The trader has also wagered over $7 million on Trump winning the popular vote against Kamala Harris, while political betting markets gain prominence in the election cycle.
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