Republican candidate Donald ***** is not the only one claiming victory in the just-concluded US elections. Theo4, reportedly a French trader, is also making headlines for pocketing close to $79 million from a high-stakes bet on ***** winning a second term on the decentralized betting marketplace Polymarket.
Chainalysis noted that reports had previously rumored that Theo held four accounts on Polymarket with substantial bets on *****. However, further analysis by blockchain intelligence firm Chainalysis identified nine accounts likely controlled by the same individual. This finding came from a detailed review of funding patterns, transaction timing, and cash-outs to specific exchange deposit addresses.
This network of accounts achieved around $78.7 million in net profits by betting on *****’s victory.
Meanwhile, Theo’s trading patterns had drawn increased scrutiny as the election neared, as his large-scale bets raised questions. Despite this, Theo, who WSJ reported identifies as a veteran European financial investor, maintained that his bets reflect firm conviction about the election outcome.
The post French trader netted $79 million from Donald ***** wagers on PolyMarket appeared first on CryptoSlate.