Five Polymarket Investors Made Millions on Trump Bet
Date: 2024-11-07 Author: Henry Casey Categories: BUSINESS
Anonymous political analyst Domer reported on October 31 that the top five Polymarket players who bet on Trump could make more than $81 million in profits.
Bets on Trump Yes stocks were concentrated in the hands of five large investors who own half of the 162 million shares. Domer noted that if Trump wins, these players would make a total profit of $81 million. These words were made just days before the US election.
Lookonchain data confirms that users with the largest bets were able to achieve impressive results. A user named The04 has made over $204 million on his investments. Another player named Fredi9999 has made over $15.6 million in profits, while crypto investor zxgngl has made around $11 million from his bet on Trump.
It is worth noting that Fredi9999 increased his bet on the Republican candidate on October 18, investing over $20 million. After that, the odds of Trump winning on the Polymarket platform increased to 60.2%, and by October 28, this figure had reached 66%, thanks to another bet by zxgngl of $7.22 million.
Polymarket comments that the platform is coming to a balance, as major media outlets such as the Associated Press, Fox and NBC declare the victory of the same candidate.
