As election odds heat up, recent data from Polymarket reveals that Donald Trump currently holds a 61.8% chance of winning, a lead of 23.6% over his nearest competitor.
🇺🇸 NEW: Whale bets $6.93M in $USDC on Trump win, boosting Trump’s odds back above 60% on Polymarket. pic.twitter.com/B7XDmWVQNJ
— Cointelegraph (@Cointelegraph) November 5, 2024
This shift follows a series of significant bets, including a massive $6.93 million USDC wager backing Trump, which pushed his odds above 60%.
The moment of truth…
🟥 Trump • 61.8% chance
🟦 Harris • 38.2% chanceElection day. pic.twitter.com/7xzD5rNkvb
— Polymarket (@Polymarket) November 5, 2024
Notably, a prominent Polymarket user known as “walletmobile” recently placed a bold $10 million bet on Trump’s victory. If Trump wins, this wager stands to return a staggering $16 million to the user.
Polymarket user “walletmobile” just bet $10 MILLION on Donald Trump winning the election.
He will win $16 MILLION if Donald Trump wins the presidential election today. pic.twitter.com/H5pLza3GEU
— Arkham (@ArkhamIntel) November 5, 2024
Whale Kept Making Huge Bets On Trump’s Victory
The biggest address investing in Trump’s potential win, identified as 0xd23…f29, has also been doubling down. In the last six hours alone, this account added another $3.1 million to its Trump bet, bringing its total investment in Trump’s victory to $17.2 million. If Trump clinches the presidency, this substantial gamble would yield an impressive $10.94 million in profit.
Polymarket 上押注特朗普胜选的最大地址 0xd23…f29 在过去 6 个小时里又继续加仓了 $310 万特朗普胜选。
他现在已经在特朗普胜选上投入了 $1720 万 USDC，一旦特朗普胜选，他就能赚到 $1094 万。
不过要是特朗普没有赢下大选，全部投入就归零了 (如果他没有其它对冲操作的话)。… https://t.co/VDMzfe1Uq2 pic.twitter.com/EsNazn9WIl— 余烬 (@EmberCN) November 5, 2024
However, these high-stakes bets come with considerable risk. Should Trump lose, these sizable investments will be entirely lost unless the investors have other hedging positions to mitigate potential losses. The recent flurry of large bets on Trump has undeniably intensified the market activity on Polymarket, with investor interest remaining strong as election results draw closer.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.