In the weeks leading up to the 2024 presidential election, what appeared to be a small group of traders dumped millions of dollars into Polymarket, betting that Donald Trump would win. It turns out it was just one French whale who had pushed tens of millions of dollars into the market,

Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along.

Many people involved in crypto markets had reason to gloat on Wednesday about Donald Trump’s win, but one closely watched French trader’s bets are poised to pay out millions of dollars on the election’s outcome.

Mainstream media reports have speculated that Donald Trump's odds on Polymarket are being manipulated for political purposes.Experts in

The majority of bets went for Trump, with $1.3 billion wagered on the former president and $827 million on Harris.

The massive gains represent a big swing in profits for the Polymarket bettor, who was sitting on an unrealized loss of $3 million on Monday.

Polymarket saw a total of $3.2 billion bet on the outcome of the U.S. presidential election, favoring a win by Donald Trump.