Fredi9999 holds over $20 million in bets on Trump's victory, raising concerns about manipulation

Odaily Odaily News: With less than three weeks to go until the US presidential election, former President Donald Trump's chances of winning the 2024 US presidential election continue to rise, largely due to the influence of Polymarket user "Fredi9999", a major bettor who holds more than $20 million worth of bets in support of Trump. The behavior of Polymarket's top bettors has raised concerns about the accuracy and potential manipulation of decentralized prediction markets. "Fredi9999" has had a significant impact on the price of Trump's prediction market, and the trading pattern shows that "Fredi9999" can control the top four Trump whales on Polymarket. These accounts all received large deposits from Kraken and immediately began betting on Trump. However, Elon Musk believes that decentralized prediction markets may be more accurate than traditional polls in predicting election results. (Cointelegraph)