2024 US Presidential electionsNot long ago, an investor in the cryptocurrency market Donald TrumpHe made a significant bet that . According to Lookonchain’s data, the large investor, whose identity was not disclosed and known as “whale”, withdrew 2.03 million USDC from Binance in the last four hours and made another bet on the prediction market in Polymarket that Trump would win.
Big Investors’ Influence on Polymarket Increases
Investor since October 11 polymarket He spent a total of 7.22 million USDC for Trump’s victory. This investment increased the probability of Trump winning in the prediction market to 66.3 percent.
With the bets, the investor now has an unrealized profit of around $256 thousand. Such transactions increase liquidity in decentralized prediction markets such as Polymarket. On the other hand, this trend reveals what impact large investors can have on political forecasts.
Trump’s Chance of Winning Increases on Polymarket
According to the data provided by Polymarket, the bets made by the investor prediction marketIt shows that it also affects the general trend in The odds of Trump winning have increased significantly from levels before this major investor’s bets. Some market observers think such large transactions prove that investors have serious economic interest in political events.
Such prediction market transactions for the 2024 US Presidential elections are considered a reflection of investors’ risk-taking tendencies, considering the recently increasing political uncertainty and economic risks.
polymarket Platforms like these provide an opportunity for the cryptocurrency world to make predictions about possible future political outcomes and make profits.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
