French Gambler Wins $50M on Polymarket With Trump’s Victory!
The post French Gambler Wins $50M on Polymarket With Trump’s Victory! appeared on BitcoinEthereumNews.com.
A French political gambler named Théo has become an internet sensation overnight After winning an incredible 48 million by betting on Donald Trump’s win in the US presidential elections through the crypto betting platform Polymarket. Théo: The French Gambler Often called a ‘whale’ due to the large amount of money he controls, Théo placed his bets using four anonymous accounts focusing on Trump winning both the Electoral College and the popular vote. He also placed his bets on the success of Republican candidates in critical swing states that finally determined Trump’s victory. The four accounts named Théo4, Fredi9999, PrincessCaro, and Michie, played a major role in bagging Théo his success. The account named Théo4 racked up approximately $22 million in profits alone, while the other three accounts together added around $26 million to that total. 1/ It’s been widely reported that one whale, allegedly a French man named Theo, controlled 4 @Polymarket accounts and had significant positions betting on a Trump win. We estimate he profited ~$78.7M. pic.twitter.com/laW9Y4zNXj — Chainalysis (@chainalysis) November 6, 2024 Chainalysis predicts Théo’s combined profit stood over $78.7 Million. The impressive achievement pushed Théo to the top of Polymarket’s all-time leaderboard, breaking records on the site. As news of his success spread all over the media, Théo made it clear to The WSJ that his main goal was simply to make money. He claimed, “ My intent is just making money, I have absolutely no political agenda”. Polymarket, The Real Victor The Polymarket platform saw a whopping $3.7 billion in bets placed on the presidential election, which highlights the rising interest in protection markets. Lawyer Aaron Brogan also attested his support for prediction markets. Teal was looking at $3 million in unrealized losses as polls started suggesting a tight competition between Trump and Vice President Kamala Harris;…
Filed under: News - @ November 7, 2024 9:27 am