Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty

Share This Post

A prediction market Polymarket user sold nearly $4 million in bets related to former US President Donald Trump’s victory in the Nov. 5 elections in the past 24 hours.

The investor had accumulated over $15.3 million in trading volume across 24 different markets.

On-chain data revealed that the “whale” identified as “larpas” started shedding positions around 4 P.M. UTC. According to Polymarket activity history, most of the bets were related to a Trump win and Vice President Kamala Harris’ loss.

Trump’s odds affected

The whale activity affected Trump’s odds on the platform, causing them to fall to 56.2% from 60.6% as the positions were closed. However, Trump’s odds recovered to 58% as of press time.

Notably, on-chain data platform Arkham Intelligence pointed out that the selling started one minute after known trader GCR suggested users exit election-related polls until Nov. 5. He mentioned the 2000 US presidential elections, which were decided by “a mere 537 votes,” cautioning traders not to push their luck.

Galaxy said its data on 17 different election venues revealed that Trump’s odds of winning fell in 9 of them. Nevertheless, the Republican representative still wins on 14 predictions, comprising proprietary models, prediction markets, and aggregators.

The post Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold?

The post Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold appeared first on Coinpedia Fintech News Solana (SOL) and Dogecoin

ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone

The post ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone appeared first on Coinpedia Fintech News Ethereum’s price faces a crucial resistance zone between

Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025

The post Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025 appeared first on Coinpedia Fintech News Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth

Decentraland and Sandbox Targets Unveiled: $1.56 and $2.26 in Sight!

The post Decentraland and Sandbox Targets Unveiled: $156 and $226 in Sight! appeared first on Coinpedia Fintech News With the broader market recovery, the altcoin segment has been set ablaze In this

Bitget Now Supports Bank Transfers in Vietnam via QR Codes

Bitget has announced its integration of bank transfers in Vietnam through QR codes, making it the first exchange to adopt this payment method This new feature allows users to deposit Vietnamese Dong

Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run

The post Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run appeared first on Coinpedia Fintech News Recently Kyle Doops, host of Crypto Banter’s Trading Show, has revealed many new