With the U.S. election outcome imminent, Polymarket has seen significant interest from anonymous high-stakes bettors wagering millions on former President Donald Trump\u2019s victory.<\/p>\n
The offshore crypto-based betting platform shows that one notable bettor stands to earn as much as $29 million if the Republican candidate wins the election.<\/p>\n
It\u2019s worth noting that while Trump indeed proclaimed victory, it still hasn\u2019t been confirmed by all responsible authorities.<\/p>\n
A Polymarket account identified only as \u201czxgngl\u201d has staked $18 million on Trump winning the Electoral College, potentially yielding over $29 million in winnings if he secures the victory.<\/p>\n
Data from blockchain analysis firm Arkham Intelligence reveals<\/a> that this account was created in October by an anonymous user, who made a series of heavy investments, including $5 million in a single day this past Monday.<\/p>\n Another significant wager comes from an account named \u201cwalletmobile,\u201d which has invested $10 million on the same outcome. Arkham Intelligence data shows that this bettor would walk away with $16 million if Trump wins. Polymarket shows that \u201cwalletmobile,\u201d while initially set up in September, only began making large-scale bets earlier today.<\/p>\n These accounts are the latest to join a wave of high-stakes betting on Polymarket. The Wall Street Journal recently reported<\/a> that a French bettor, who identifies as \u201cTheo,\u201d has staked more than $30 million across four separate accounts in favor of a Trump victory.<\/p>\n While Trump supporters dominate the high-dollar betting, Vice President Kamala Harris has also gotten bets. An account named \u201cleier\u201d has invested approximately $5 million on a Harris victory, which would yield nearly $11 million if she wins. Bettors supporting either candidate face an all-or-nothing risk, with a chance to earn substantial returns or lose their entire stake.<\/p>\n At the time of writing,\u00a0 Polymarket showed<\/a> a 95% probability of a Trump victory, with the platform asserting Trump\u2019s impending success on its X account.<\/p>\n \u201cTrump is about to give his victory speech. His odds have been >95% on Polymarket for hours. Yet the mainstream media is still stringing you along for \u2018critical calls\u2019 and \u2018paths to victory,\u2019\u201d the post <\/a>stated.<\/p>\n Trump\u2019s victory is particularly important for the crypto sector. Throughout his campaign, he maintained a friendly stance<\/a> on crypto, even proclaiming at the Bitcoin conference in Nashville, Tennessee, that he would fire Gary Gensler, chair of the Securities and Exchange Commission (SEC), who has pursued a more restrictive approach toward digital assets.<\/p>\n Trump has also suggested that he would consider eliminating U.S. taxes on cryptocurrencies, opting instead for a tariff system that could redefine the industry\u2019s regulatory landscape.<\/p>\n The post Polymarket Bettor to Earn $29M as Trump Declares Victory<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" With the U.S. election outcome imminent, Polymarket has seen significant interest from anonymous high-stakes bettors wagering millions on former President Donald Trump\u2019s victory. The offshore crypto-based betting platform shows that one notable bettor stands to earn as much as $29 million if the Republican candidate wins the election. It\u2019s worth noting that while Trump indeed […]<\/p>\n","protected":false},"author":0,"featured_media":18293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18292"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18292"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18293"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Polymarket Odds In Favor of Trump<\/h2>\n