A user of the Polymarket platform made $85 million in profits thanks to a series of bets on Donald Trump’s victory in the US presidential election. According to the Wall Street Journal, he is a French national.
Last month, Polymarket confirmed that this former French stockbroker had invested millions in the election of the Republican candidate.
Specializing in the analysis of digital currency transactions, Chainalysis identified 11 accounts that were funded at the same time, made bets at the same time and were emptied simultaneously.
The player bet $70 million in total, getting his stake back, plus an additional $85 million. Contacted by the Wall Street Journal, he confirmed this gain.
Advantage to Trump on betting sites
Polymarket is an offshore betting platform launched in 2020 based on digital currency. It is theoretically prohibited for American residents.
Like other betting sites, Polymarket gave Donald Trump a marked advantage before the election, contradicting polls that put him neck and neck with Democratic candidate Kamala Harris.
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