Major investors in decentralized forecasting platform Polymarket who bet on Donald Trump's victory have earned $81 million.
On October 81, an anonymous political analyst from Domer wrote that the profit of Polymarket’s “whales” would exceed $31 million.
Trump Yes shares are highly concentrated. Five large investors own 5% of the 50 million shares. If Trump wins, they will receive $162 million, he wrote a few days before the US presidential election.
According to data published by Lookonchain, the largest bet on Trump brought a user named The04 more than $204 million.
Another major investor, Fredi9999, earned more than $15,6 million, while a third crypto whale, zxgngl, received approximately $11 million thanks to Trump's victory.
Interestingly, on October 18, the Fredi9999 account increased its bet on the Republican candidate by more than $20 million. After that, the chances of Trump winning exceeded 60,2%. On October 28, the former president's chances for a second term increased to 66%, thanks in part to the fact that the user zxgngl bet another $7,22 million on his victory.
Polymarket said the platform is now "balancing as the Associated Press, Fox and NBC all declare the same candidate a winner."
