High-stakes betting has surged on the crypto-based platform Polymarket, drawing attention as anonymous bettors wager millions on Trump winning the election. Despite Trump’s declaration of victory, official confirmation remains pending.
An anonymous account, “zxgngl,” stands to gain $29 million if Trump secures the Electoral College, having staked $18 million on this outcome. Data from Arkham Intelligence shows that “zxgngl” was created in October, with the user investing heavily, including $5 million in one day alone. Another major bet comes from “walletmobile,” which has wagered $10 million for a potential $16 million payout if Trump wins.
These bets reflect a broader trend of high-stakes wagers on Polymarket, with reports indicating a French bettor, “Theo,” has invested over $30 million across multiple accounts in Trump’s favor. Meanwhile, an account named “leier” has bet $5 million on Kamala Harris, with a potential return of $11 million if she wins.
Polymarket’s platform currently shows a 95% probability of Trump’s victory, a sentiment echoed in a recent post on its social media account. This election has significant implications for crypto, with Trump signaling support for the industry, pledging to reform the SEC’s regulatory approach under Gary Gensler, and suggesting potential tax changes favoring digital assets.
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