Polymarket: Investigations to date have not found any information indicating that Trump betting users manipulated or attempted to manipulate the market

Odaily Odaily News: After an investigation by the crypto prediction market platform Polymarket, a trader who spent more than $45 million betting that Trump would win the election was identified as a French user. Polymarket does not allow U.S. users to use it, and a company spokesperson said in a statement on Thursday that the company determined that the people behind four other large accounts also had "extensive trading experience and financial services backgrounds." The accounts spent a total of millions of dollars on supporting the Republican victory on November 5. Online investigators have previously expressed concerns that the accounts were operated by a single person to distort Trump's odds. "Based on the investigation, we learned that this person took a directional position based on his personal views on the election," the spokesperson said. In addition, the investigation to date has not found any information that indicates that the user manipulated or attempted to manipulate the market." So far, the trading volume of this year's election on Polymarket's main market is close to $2.4 billion. As of Thursday, the implied probability of Trump's victory on the platform was 61.6%, 59% on the competitor platform Kalshi, and 57% on the PredictIt platform. (Jinshi)