On Polymarket, the odds of Donald Trump reclaiming the U.S. presidency by defeating Vice President Kamala Harris have surged to an impressive 13%. This spike in confidence comes as a mystery trader, identified by the call sign Fredi9999, has invested millions in shares betting on Trump's victory.
Earlier this week, Fredi9999 held about 7 million shares favoring Trump's win. However, recent data from Polymarket indicates that the trader now possesses nearly 11 million shares. In just one hour, they invested hundreds of thousands of dollars, further increasing the stakes on Trump’s potential victory.
The total wagered on the Trump versus Harris election has exceeded $1.6 billion. This is a significant increase compared to the 2020 presidential election, which generated just under $11 million in wagers.
Trump's lead has notably expanded since Elon Musk stated on social media that Polymarket is more accurate than traditional polls. At that time, Trump's odds were 50.6%, while Harris had 48.4%.
In September, Polymarket experienced record highs in trading volume and active participants, according to The Block Data Dashboard. The platform recently raised $45 million in Series B funding, with contributions from notable figures including Vitalik Buterin and Peter Thiel.
Disclaimer: This article is for informational purposes only and should not be considered as legal or financial advice.
