Republican candidate Donald Trump will not be the one one claiming victory within the just-concluded US elections. Theo4, reportedly a French dealer, can be making headlines for pocketing near $79 million from a high-stakes guess on Trump profitable a second time period on the decentralized betting market Polymarket.
Chainalysis famous that experiences had beforehand rumored that Theo held 4 accounts on Polymarket with substantial bets on Trump. Nevertheless, additional evaluation by blockchain intelligence agency Chainalysis recognized 9 accounts possible managed by the identical particular person. This discovering got here from an in depth evaluation of funding patterns, transaction timing, and cash-outs to particular change deposit addresses.
This community of accounts achieved round $78.7 million in internet income by betting on Trump’s victory.
In the meantime, Theo’s buying and selling patterns had drawn elevated scrutiny because the election neared, as his large-scale bets raised questions. Regardless of this, Theo, who WSJ reported identifies as a veteran European monetary investor, maintained that his bets replicate agency conviction concerning the election end result.
