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A French trader betting 38 million Dollars is dominating the Trump prediction market?
Shock: A French trader "Theo" who has bet over 30 million Dollars on Trump's victory in Polymarket has revealed his identity. He claims it is "purely for making money", but on-chain analysis has revealed that four accounts are funded from the same cryptocurrency exchange.
He started inconspicuously in August under the account name Fredi9999, and with the expansion of his positions, he opened an additional 3 accounts from September to October. He holds 25% of the contracts for Trump to secure the Electoral College and over 40% of the contracts for winning the popular vote, significantly impacting the entire platform.
In short: The structural vulnerability of the prediction market is exposed as a single individual's massive investment moves the odds on Polymarket. Theo is trying to prove that there are no political motives behind his "random bet" on the prediction of Tyler Swift's pregnancy, but there are many skeptical voices. Theo himself wishes to remain anonymous and has not discussed this bet with friends or children.
By the way: The Trump campaign is currently launching legal attacks against major media outlets. They have filed an FEC complaint against the Post and are suing CBS for $10 billion, accusing them of "media scandals." However, legal experts point out that the basis for these claims is "thin."