Polymarket Bettor To Win $29M As Trump Declares Victory

With the outcome of the US election imminent, Polymarket has seen significant interest from anonymous high-stakes bettors betting millions on former President Donald Trump’s victory.

The cryptocurrency-based betting platform outside shows that a notable bettor can win up to $29 million if the Republican candidate wins the election.

It is worth noting that while Trump claimed victory, it has not yet been confirmed by all responsible authorities.

Potential payout of $29 million

A Polymarket account identified only as “zxgngl” has bet $18 million on Trump winning the Electoral College, potentially netting more than $29 million in winnings if he wins.

Data from blockchain analytics firm Arkham Intelligence reveals that this account was created in October by an anonymous user, who made a series of large investments, including $5 million in a single day last Monday.

Another major bet comes from an account called “walletmobile,” which has invested $10 million in the same outcome. Arkham Intelligence data shows this bettor would walk away with $16 million if Trump wins. Polymarket shows that the “cartmobile”, although it was initially created in September, only started taking bets on a large scale before today.

These accounts are the latest to join a wave of high stakes bets on Polymarket. The Wall Street Journal recently reported that a French bettor, who identifies himself as “Theo,” has bet more than $30 million in four different accounts in favor of a Trump victory.

While Trump supporters dominate the high-dollar bets, Vice President Kamala Harris has also received bets. An account called “leier” has roughly $5 million invested in a Harris win, which would yield nearly $11 million if he wins. Punters backing either candidate face an all-or-nothing risk, with the possibility of making substantial returns or losing their entire stake.

Polymarket’s odds favor Trump

At the time of writing, Polymarket was showing a 95% probability of a Trump victory, with the platform claiming Trump’s imminent success on its X account.

“Trump is about to give his victory speech. His odds have been >95% on Polymarket for hours. Yet the mainstream media is still giving you ‘critical calls’ and ‘paths to victory ” the post said.

Trump’s victory is especially 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, chairman of the Securities and Exchange Commission (SEC), who has pursued a more restrictive approach to digital. assets

Trump has also suggested he would consider eliminating US taxes on cryptocurrencies, opting instead for a tariff system that could redefine the industry’s regulatory landscape.

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