One trader drives Trump bets on Polymarket.

Polymarket has found that one French trader behind several accounts bet a lot of money on Donald Trump to win the U.S. presidential election tomorrow. A representative for the online prediction market told The New York Times that one trader with "extensive trading experience and a financial services background" is in charge of four accounts: Fredi9999, Theo4, PrincessCaro, and Michie. These accounts hold about $28 million in bets on Trump's election odds.
There were concerns that these accounts might have lied about Trump's chances. Still, Polymarket said they didn't see any signs of cheating, highlighting that the dealer was only taking a position based on their feelings about the election.

Polymarket sees huge bets rise before election.

Additionally, Polymarket said it had contacted the trader as part of an inquiry in coordination with other specialists, such as the specialized investigative agency Nardello & Company. According to the business, the accounts were utilized to amass contracts without significantly raising their pricing by placing comparatively tiny wagers.
Meanwhile, Kamala Harris' chances on the market prediction platform increased when an unidentified trader with the pseudonym Ly67890 made a sizable wager on her. Eleven days before the U.S. elections, the trader purchased $2 million worth of "Yes" shares for the Democratic presidential candidate, according to data from Polymarket. Just six of the wagers were valued at over $100,000, while most were worth less than $1,000. Trump has 62.2% support on Polymarket as of this writing, while Kamala Harris has lost ground since early October and is now at 38%.