As a seasoned financial analyst with extensive experience in global markets and political risk assessment, I find myself both intrigued and somewhat amused by this recent development. This French investor has managed to pull off an impressive feat, capitalizing on a prediction that many deemed improbable at one point.
It appears that a French individual successfully predicted and earned approximately $79 million by wagering on Donald Trump’s victory in the U.S. Presidential election. This prediction came true when Trump garnered 295 votes in the Electoral College.
Based on the findings from Chainalysis, an on-chain analysis firm, it appears that a French investor managed as many as nine separate accounts on the widely used predictions platform Polymarket. This conclusion was drawn by examining patterns in their funding, transaction timing, and subsequent deposits into specific exchange addresses.
The trader is believed to have pocketed approximately $78.7 million as a result of heavily wagering on Donald Trump’s victory in the U.S. presidential election.
According to reports from CryptoGlobe, the upcoming 2024 U.S. Presidential election has generated a significant buzz in the leading prediction market, Polymarket. The wagers placed on the event have reached an impressive milestone of over $3 billion, with bets favoring Republican candidate Donald Trump exceeding $1.3 billion.
Significantly, a major cryptocurrency investor, who placed a wager on Republican nominee Donald Trump emerging victorious in the forthcoming U.S. elections, disposed of all its holdings related to those elections, just prior to Americans casting their votes to determine their next president.
As an analyst, I’ve observed that historically, Polymarket’s market depth has been relatively shallow, which implies that substantial positions might substantially sway the probabilities for any contender. However, it seems that this liquidity has been gradually increasing over the past few weeks.
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2024-11-07 19:50