Polymarket ‘whale’ who bet big on Trump win raked in $48M in profits

The French “whale” who stake $30 cardinal connected a Trump White House triumph via Polymarket has raked successful $48 cardinal successful profits connected nan wager, according to nan crypto-based betting platform.

The anonymous bettor, who goes by Théo, controlled 4 abstracted accounts connected nan level that each made wagers connected Trump winning nan Electoral College and nan celebrated vote, on pinch immoderate money connected Republican candidates successful plaything states.

On Wednesday morning, projections showed former president Donald Trump claiming a triumph complete Vice President Kamala Harris to go nan 47th president of nan United States – catapulting Théo and his monolithic gains to nan apical of Polymarket’s all-time winnings board.

The French “whale” who stake $30 cardinal connected a Trump triumph has raked successful astir $48 cardinal successful profits, according to nan platform. DAMON HIGGINS/PALM BEACH DAILY NEWS / USA TODAY NETWORK via Imagn Images

The Theo4 Polymarket relationship is sitting connected astir $22 cardinal successful profits, while nan trader’s 3 different accounts – Fredi9999, PrincessCaro and Michie – saw a mixed $26 million.

Media outlets person questioned nan French trader’s motives successful placing specified ample amounts of money connected Trump, but Théo said nan Polymarket moves were simply bully bets.

“My intent is conscionable making money,” he told The Wall Street Journal during a Zoom telephone past week. 

“I person perfectly nary governmental agenda,” nan trader wrote successful a follow-up email to nan paper. 

The trader’s risky bets paid disconnected bigtime arsenic nan mysterious fig held onto astir $3 cardinal successful unrealized losses nan time earlier nan predetermination while polls continued to foretell a neck-and-neck race.

Former president Donald Trump appears to person clinched nan White House pinch a sweeping “red wave” triumph crossed respective plaything states, according to The Associated Press arsenic of Wednesday afternoon.

Ahead of Election Day, Polymarket showed Trump pinch higher likelihood of winning nan presidency.

Polymarket, on pinch different recently celebrated election betting platforms for illustration Kalshi, is now trying to position itself arsenic nan much meticulous title predictor. 

“Last night, Polymarket proved nan contented of markets complete nan polls, nan media, and nan pundits,” nan institution said successful a connection connected X. “Polymarket consistently and accurately forecasted outcomes good up of each three, demonstrating nan powerfulness of precocious volume, profoundly liquid prediction markets for illustration those pioneered by Polymarket.”

The greeting earlier Election Day, nan betting tract said Trump had a 58.6% chance of winning nan presidency while Harris’ likelihood stood astatine 41.4%, according to nan Polymarket site.

Meanwhile, nan candidates appeared to beryllium tied – each pinch support from 49% of registered voters – successful NBC News’ past canvass earlier nan election, released connected Sunday.