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French Ex-Banker Bets $38M on Trump Win in High-Stakes Polymarket Gamble for $80M+ Return

Nov 1, 2024, 11:56 PM

A French ex-banker has placed a high-stakes bet of over $38 million on Donald Trump winning the 2024 US Presidential Election on Polymarket, a New York-based prediction market platform. The individual, known as 'Fredi9999' on the platform, has extensive trading experience and has cited the 'shy Trump voter effect' and historical underestimation of Trump's support in polls as reasons for his bet. If Trump wins, the ex-banker stands to gain over $80 million, but if Trump loses, he faces significant financial loss. Polymarket has confirmed the identity of the bettor and noted that he cannot exit his wagers without significantly impacting the market. Polymarket contacted the Trump whale as part of an investigation into the wagers.