Here’s how much the trader who bet $28 million on a Donald Trump victory won

Friday 08th November 2024 03:27 PM

© Joshua Mayo/Unsplash

– The French trader who bet on Donald Trump will win a small jackpot (illustrative image).

The amount was enough to make you dizzy: $28 million ! It is neither the price of a city in the heart of Manhattan, nor a transfer of a footballer, but rather a bet made by a French trader. As Capital reported on October 26, this Frenchman had bet this sum on a victory for Donald Trump against Kamala Harris during the presidential election held on November 5. The least we can say is that he had a hollow nose when the polls predicted an extremely close election.

Although the final results are not yet known, Donald Trump achieved historic success, four years after leaving power, by winning at least 295 voters as well as the popular vote (more than 73.5 million voters to date). . To bet such a sum on the Polymarket platform, the trader would have used four accounts. Today, this man whose identity remains a mystery has hit the jackpot, according to The Telegraph. He would be about to receive $50 million in profits.

The National Gaming Authority is investigating the platform

When questioned, the trader would have indicated to Wall Street Journal to have followed the French pollsmuch more precise than those in the United States. He considered that American polls overestimated popular support for the Democratic Party. He also explained to our American colleagues that before the election, he was convinced that Donald Trump would obtain 50% of all the votes and that he would win at least six of the seven swing states.

If he declared having bet the amount personallythe Wall Street Journal does not rule out a link with a political organization or the Trump clan. He also recalled that at the time of his bet, Donald Trump’s chances of victory were only estimated at 40%. Launched in 2020, the Polymarket platform is now closely scrutinized. In France, the National Games Authority (ANJ) is closely interested in its activity and is considering banning it.