A French trader, known as Théo, placed a massive $30 million bet on Donald Trump winning the U. S. presidential election through Polymarket. The gamble paid off big time – Théo raked in $48 million in profits. This trader, who used four different accounts, predicted Trump's victory in the Electoral College and swing states. Even as polls were tight, Théo held onto unrealized losses, showing confidence in his bets. Polymarket's success in predicting the election highlights the power of betting markets.

Théo's win made him the top earner on Polymarket. His main account, Theo4, made about $22 million, while the other three accounts, Fredi9999, PrincessCaro, and Michie, added up to $26 million. The trader insists his motives were purely financial, not political.

Media outlets questioned Théo's motives, but he firmly stated his intent was just making money. He wrote, "I have absolutely no political agenda. "

Polymarket showcased its predictive accuracy by giving Trump a 58. 6% chance of winning, while a poll by NBC News indicated a tie between Trump and Harris. The platforms like Polymarket and Kalshi are now touting their accuracy over polls and media projections.

"Last night, Polymarket proved the wisdom of markets over the polls, the media, and the pundits, " the company stated. The betting sites demonstrated their ability to forecast election outcomes quickly and accurately.

Big Bets, Big Wins: French Trader's Trump Gamble Pays Off

Actions