Cryptocurrencies
Election-Betting Site Polymarket Says Trump Whale Identified as French Trader
- User hasn’t attempted to manipulate the market, probe shows
- Betting platform shows higher chance of Trump win than rivals
This article is for subscribers only.
A trader who spent more than $45 million on Polymarket bets that Donald Trump will win the upcoming US presidential election has been identified as a French national, following an investigation by the cryptocurrency-based prediction markets platform.
Polymarket, which does not permit US users, determined the person behind four large accounts also had “extensive trading experience and a financial services background,” a company spokesperson said in a statement on Thursday.