French user who bet over $30 million on Trump's victory on Polymarket claims the move has "no political purpose"

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According to a report by the Wall Street Journal, a French user on Polymarket who spent over $30 million betting on Trump's victory claimed to have "no political motives." The user said: "My only goal is to make money," and identified himself as a French national who previously lived in the US and worked as a trader at a bank.

It is reported that the user opened Polymarket accounts under the names Fredi9999, Theo4, PrincessCaro, and Michie, and placed bets on Trump's victory in the 2024 election, with a total bet amount of around $38 million.

According to the report, if the user's expectation of a Trump landslide victory comes true, he could receive a return of over $80 million, more than double his investment. If Harris wins, the user may lose all or most of his funds, which he said constitute a large portion of his available liquid assets.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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