Four accounts owned by one French national have poured $35 million into the prediction market, and they’re all betting on Donald Trump to win the 2024 election.

It turns out, however, that just one individual has poured more than $45 million into bets favoring Donald Trump on Polymarket, the crypto-based betting website. The company was forced to investigate after it was discovered that just four accounts were placing disproportionate bets in favor of Trump winning the election.

French trader Fredi9999 has invested heavily in Trump-related bets on Polymarket, drawing attention for his $52 million wagers and prompting additional checks by the platform.

Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.

A new report from Bloomberg notes that a “handful of accounts” have “spent millions of dollars worth of crypto on bets in favor of Trump’s return to the White House.” Indeed, the Wall Street Journal recently ran a story on four highly active Polymarket accounts that have been exuberantly betting on the U.

The mystery bettor on election gambling site Polymarket who made large bets on a Trump election victory is a French national who took a position based on a personal view of the presidential race, Polymarket said in a statement on Thursday.

A trader who spent more than $45 million on Polymarket bets that Donald Trump will win the upcoming US presidential election has been identified as a French national, following an investigation by the cryptocurrency-based prediction markets platform.

Donald Trump's odds on Polymarket of winning the U.S. presidential election temporarily dipped Wednesday after the prediction market's second