Whale Trader Looking for $80,000,000 Gains on Polymarket Says He Has No Political Agenda: Report

A deep-pocketed investor seeking to make tens of thousands and thousands of {dollars} from crypto betting platform Polymarket reportedly says he has no political motivation to place his cash on Donald Trump to win the upcoming US elections.

In accordance with a brand new one report by The Wall Road Journal (WSJ), a French citizen calling himself “Theo” who guess greater than $30 million on Trump to win the election says his actions are solely for the aim of earning profits.

“My intention is to earn a living… I’ve completely no political agenda.”

Theo describes himself as a monetary veteran who observed that the polls underestimated Trump’s probabilities of successful in 2016 and 2020 and concluded that if he outperformed once more in 2024, he would win.

In a Zoom name with WSJ, Theo accused media retailers aligned with the Democrats of setting the stage for unrest by making it seem to be the race could be shut quite than being a Trump blowout.

Along with Trump successful the presidential race, the whale additionally positioned bets on the Republican candidate successful the favored vote and on successful particular person swing states akin to Pennsylvania, Wisconsin and Michigan.

If Theo wins all his bets, he’ll earn $80 million.

Nevertheless, if he fails, he’ll lose his $30 million inventory, which he described as most of his liquid belongings, though WSJ mentioned they might not verify whether or not he made the bets along with his personal cash or not.

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