Trader turns $18M into $29M betting on Donald Trump’s victory
An anonymous trader made $11 million of “pure profit” betting on Donald Trump’s victory on Polymarket , the leading prediction market. On November 6, the Republican candidate consolidated its long-awaited victory against Kamala Harris for the Democrats, settling the bet. With the “Presidential Election Winner 2024” bet closed, traders who were still holding “Yes” shares for Donald Trump or “No” shares for the other candidates were finally able to collect their prize within the difference between $1 and the average price paid per share, below that mark. In particular, Polymarket ’s official account shared the results of an anonymous user who made over $11 million of “pure profit.” The trader purchased $18.02 million of shares at an average of $0.61, receiving $19.43 million in return. Picks for you 'Trump will break' Bitcoin promise