Information based on the PolyMarket platform reveals that the hefty, long-term investors, the ‘whales,’ have staked over $70.6M on the possibility of the former President of the United States, Donald Trump, emerging as the upcoming US presidential election winner.
As reported by Lookonchain, these enormous bets entered Polymarket in October and had a major impact on the prediction market. According to the latest information, the probability of Trump’s victory is 66.7%, and Kamala Harris, currently the US vice president, has a 33.4% chance.
Whale Wallets Make Multi-Million-Dollar Wagers on Trump
According to data from Lookonchain, ten whale accounts were involved in the increase, with individual stakes between $1.56M and $18.6M, with the largest contribution by the account referred to as “Theo4.” Other high-stakes bargainers, such as “Fredi9999” and “zxgngl” placed bets of $11,650,000 and $7,820,000, respectively. This has helped increase bets on Trump’s chance of winning, thus showing a lot of confidence in the probability of Trump emerging as the winner.
Political Speculation Meets DeFi on Polymarket
These funds inflows reveal increasing convergence between cryptocurrency, defi and political betting. This round of large-value bets emerges as a trending topic among financial and political observers since it is placed with less than one week left before the November 5 election, implying a level of confidence in Trump’s win.
The odds offered by the Polymarket have, therefore, emerged as one of the key interests for those interested in the election and show the impact of decentralized prediction markets on societal opinion.
