One in four accounts on Polymarket related to large bets favoring an electoral victory for Trump has significantly increased in size, according to a tracker of the platform's activity. Initially valued at $30 million on Friday, it could reach nearly $43 million by Monday morning. The four accounts in question belong to non-American individuals, according to an anonymous source.
Despite opinion polls showing a tight competition between Vice President Kamala Harris and former President Donald Trump, on Polymarket, Trump's chances of victory have increased to 63%, compared to 37% for Harris. Bettors on Polymarket have invested a total of $1.1 billion in this presidential race.
Shares on Polymarket are valued at $1 each, and in the event of Trump’s victory, the buyer would receive $1 per share. This situation has drawn the attention of authorities such as Behnam from the U.S. Commodity Futures Trading Commission, who expressed the need for Congress to weigh in on the legality of such bets.
The accounts in question, named Fredi9999, Theo4, PrincessCaro, and Michie, have raised questions about whether they represent a single operator or several. Shares lose all their value if Trump loses the election. The discrepancies with traditional polls have raised doubts on social media and among experts, who wonder if these large bets are influencing the markets or if they are simply a leading indicator.
