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.
This shift follows a series of significant bets, including a massive $6.93 million USDC wager backing Trump, which pushed his odds above 60%.
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.
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.
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.