Originally published on: October 28, 2024
In a surprising turn of events, former President Donald Trump’s chances of winning the 2024 presidential election have soared to nearly 67% on a leading decentralized predictions market. A mysterious whale, known as “zxgngl,” has placed another $2 million bet on Trump’s victory, bringing their total investment to a whopping $7.22 million.
According to Polymarket data, Trump’s odds surpassed 66.3% on Oct. 28, following the significant investment by the enigmatic whale. This surge in betting activity comes just one week before the highly anticipated election on Nov. 5.
The rise in Trump’s odds has been attributed to the actions of prominent bettors such as “Fredi9999,” who has also heavily favored Trump on the platform. With over $20 million worth of pro-Trump bets, Fredi’s influence has played a crucial role in tipping the scales in Trump’s favor.
Despite the increasing support for Trump, some experts believe that decentralized prediction markets like Polymarket offer more accurate predictions than traditional polling systems. This sentiment was echoed by billionaire Elon Musk, who has touted the reliability of blockchain-based betting platforms.
As the election draws near, all eyes are on the Polymarket whale “zxgngl” and other top bettors who continue to drive the momentum in Trump’s favor. With millions of dollars at stake and the outcome of the election hanging in the balance, the 2024 presidential race has never been more captivating for investors and political enthusiasts alike.
