{"id":123972,"date":"2024-11-09T20:31:44","date_gmt":"2024-11-09T13:31:44","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123972"},"modified":"2024-11-09T20:31:44","modified_gmt":"2024-11-09T13:31:44","slug":"election-whale-bettor-made-much-more-on-trump-win-than-originally-thought-analysis-shows","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123972","title":{"rendered":"Election &#8216;whale&#8217; bettor made much more on Trump win than originally thought, analysis shows"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Kalshi co-founder and CEO Tarek Mansour discusses the business of election betting on &#8216;Making Money.&#8217;\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Millions of Americans placed election prediction bets in the weeks leading up to Election Day, and one of <a href=\"https:\/\/www.foxbusiness.com\/markets\/trumps-white-house-win-sends-dow-up-1000-points\" target=\"_blank\" rel=\"noopener\">those market bettors<\/a> is walking away with much more than previously estimated.<\/p>\n<p>A French individual known by the name of &#8220;Theo&#8221; originally put more than $30 million on a Donald Trump White House win on the crypto-based trading platform Polymarket.<\/p>\n<p>The anonymous bettor was originally projected to take home a profit of $48 million on the wager, but blockchain data firm Chainalysis provided an update on Thursday that the profit number is actually closer to $84 million.<\/p>\n<p>&#8220;We identified a 10th address associated with \u2018Theo\u2019 which increases the estimated total profit by $4.8M to $83.5M,&#8221; Chainalysis\u2019 X account posted. &#8220;An 11th address is suspected with another $2.1M profit, but unconfirmed.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/secs-uyeda-backs-trumps-plan-end-crypto-crackdown\" target=\"_blank\" rel=\"noopener\"><strong><u>S.E.C. COMMISSIONER BACKS TRUMP&#8217;S PLAN TO END CRYPTO CRACKDOWN<\/u><\/strong><\/a><\/p>\n<p>Polymarket gamblers allegedly spent $3.7 billion in election bets, and even more money was spent on competitor platforms like Robinhood, Kalshi, Interactive Brokers and PredictIt.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/343\/192\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/686\/384\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/672\/378\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1344\/756\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/931\/523\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1862\/1046\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/720\/405\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/1440\/810\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/11\/931\/523\/markets-bet-trump-getty.jpg?ve=1&amp;tl=1\" alt=\"Bettors profit off Trump election win\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>The anonymous French election bettor known as &#8220;Theo&#8221; made upwards of $80 million off the former president&#8217;s 2024 win.<\/span><span> (Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Just <a href=\"https:\/\/www.foxbusiness.com\/politics\/trump-dominating-over-harris-betting-markets-ahead-election-day\" target=\"_blank\" rel=\"noopener\">hours before Election Day<\/a>, Polymarket, which is the largest prediction market, saw Trump as having a 58.1% chance of taking back the White House, compared to Vice President Kamala Harris at 41.9%.<\/p>\n<p>Kalshi traders saw Trump with a 55% chance of victory, to Harris&#8217; 45%, and RealClearPolitics betting odds data collectively gave the former president a 57.9% chance of winning the election, compared to Harris&#8217; 40.7%.<\/p>\n<p>&#8220;Theo&#8221; exclusively <a href=\"https:\/\/www.wsj.com\/finance\/how-the-trump-whale-correctly-called-the-election-cb7eef1d\" target=\"_blank\" rel=\"nofollow noopener\">spoke to the Wall Street Journal<\/a> during a Zoom call last week where he said: &#8220;My intent is just making money\u2026 I have absolutely no political agenda.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>MacroMavens founder and President Stephanie Pomboy analyzes the U.S. economy on Election Day.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Theo was originally believed to have four Polymarket accounts, but Chainalysis additionally claimed it could be as many as 11.<\/p>\n<p>Polymarket is a relatively new trading platform, created just four years ago, but proved to be a way to keep American voters engaged throughout the 2024 election cycle.<\/p>\n<p><a href=\"https:\/\/foxbusiness.com\" target=\"_blank\" rel=\"noopener\"><strong><u>READ MORE FROM FOX BUSINESS<\/u><\/strong><\/a><\/p>\n<p><i>FOX Business\u2019 Breck Dumas contributed to this report.<\/i><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/media\/election-bettor-whale-made-much-more-trump-win-than-originally-thought-analysis-shows\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi co-founder and CEO Tarek Mansour discusses the business of election betting on &#8216;Making Money.&#8217;\u00a0 Millions of Americans placed election prediction bets in the weeks leading up to Election Day, &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123972\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123972","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123972"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123972\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}