Big investor "larpas" sold $3 million of Trump bets, causing Polymarket's Trump win rate to plummet

PANews reported on November 5 that according to Cryptopolitan, on the decentralized prediction market Polymarket, Trump's chances of winning the election plummeted due to a large account "larpas" selling $3 million of Trump contracts, and then rebounded slightly to 58.1%. This large-scale sell-off coincided with the crypto analyst GCR announcing on Twitter that he had cashed in on the Trump bet profit, causing panic among traders. GCR has been bullish on Trump since 2021, and this profit-taking has attracted widespread attention in the market.

In addition, another big bettor "Théo" has invested more than $30 million on Trump's victory, betting on him to win the electoral college votes and even the popular vote. Théo said that his trading was motivated by money rather than political purposes, and believed that the polls underestimated Trump's supporters.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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