Polymarket Mystery Trader Pumps Trump’s Election Odds by 13%

On Polymarket, the chances of Donald Trump reclaiming the U.S. presidency surged to 13% on Thursday, as a thriller dealer, referred to as Fredi9999, wager closely on Trump’s victory over Vice President Kamala Harris in subsequent month’s election.
In response to Polymarket information, Donald Trump’s odds are at 55.8% proper now, whereas Kamla Harris’ odds stand at 43.7%.
In response to information from the decentralized prediction platform Polymarket, Fredi9999 not too long ago increased their holdings, now proudly owning almost 11 million shares in favor of Trump, up from 7 million earlier this week. This dealer has bought tons of of hundreds of {dollars} value of shares in simply the final hour, boosting confidence in Trump’s probabilities.
The wager quantity on Polymarket over the Trump-Harris consequence has surpassed $1.6 billion, a big spike in comparison with the $11 million wagered in the course of the 2020 presidential election. Earlier within the week, Tesla CEO Elon Musk tweeted that Polymarket was extra dependable than conventional polls, which can have contributed to the surge. At the moment, Trump’s odds had risen to 51%, edging out Harris’ 48%.
Polymarket additionally skilled record-breaking buying and selling quantity and exercise in September, coinciding with a $45 million Collection B funding spherical led by Peter Thiel’s Founders Fund and participation from notable figures like Ethereum co-founder Vitalik Buterin.