The Polymarket 'whale' is placing as many as 71 bets a minute in favor of Donald Trump

• A Polymarket "whale" is betting heavy connected Trump winning nan Presidential election.
• Four accounts connected Polymarket person $46 cardinal successful unfastened positions successful favour of Trump.
• One of nan "whale" accounts, Theo4, has placed arsenic galore arsenic 71 bets per minute, according to BI's analysis.

The "whale" placing large bets connected Polymarket successful favour of Donald Trump winning nan November predetermination has ramped up betting connected nan erstwhile president.

According to a study from The Wall Street Journal past week, 4 accounts connected nan crypto-based betting level Polymarket person exhibited characteristics that suggest they are linked, either belonging to a azygous personification aliases a group that's been betting large connected a Trump win.

Business Insider compiled nan trading activity of nan 4 accounts and recovered that 2 of them, Fredi9999 and Theo4, together person placed much than 2,500 bets successful nan past 24 hours.

Theo4 has placed arsenic galore arsenic 71 bets per minute, suggesting that nan betting activity could beryllium automated.

Polymarket did not instantly respond to a petition for remark from Business Insider.

According to Polymarket data, nan 4 accounts thought to beryllium nan Trump whale—Fredi9999, Theo4, PrincessCaro, and Michie—have a mixed $46 cardinal successful unfastened positions connected nan betting platform.

The accounts person stake connected a scope of questions related to nan predetermination outcome. They see binary "yes/no" aliases "Republican/Democrat" questions like, "Will a Republican triumph nan Michigan Presidential Election?" and "Which statement wins nan 2024 US Presidential Election?"

The latest bets scope from a dollar to tens of thousands of dollars, and nan magnitude wagered by Fredi9999 and Theo4 complete nan past 24 hours has surpassed astatine slightest $2 million.

According to a Bloomberg study connected Wednesday, Polymarket is "re-checking" its users' individual accusation to guarantee that they are not US citizens utilizing a VPN to entree nan website. Betting connected Polymarket is not disposable to US-based users.

Bloomberg reported that a personification acquainted pinch nan matter said nan 4 Polymarket accounts thought to beryllium nan Trump whale are not based successful nan US.

The mostly of nan bets placed by nan 4 accounts person favored Donald Trump's triumph successful nan Presidential predetermination and Kamala Harris's nonaccomplishment successful nan celebrated vote.

Trump's Polymarket likelihood of winning nan predetermination adjacent period soared to 66% connected Tuesday, representing nan highest level since July 17, erstwhile President Joe Biden was still successful nan race.

More than $1 cardinal has been wagered connected nan result of nan Presidential predetermination connected Polymarket.

Meanwhile, Kalshi, a smaller betting website that is unfastened to US citizens pursuing a tribunal ruling earlier this month, has existent likelihood of Trump winning nan predetermination astatine 59% compared to 41% for Kamala Harris.

Both betting marketplace websites overgarment a different image than nan astir caller polls, which are highly adjacent pinch 2 weeks to spell earlier nan November 5 vote.

Harris led Trump successful nan latest nationalist polling mean compiled by RealClearPolitics connected Tuesday, pinch Harris astatine 49.3% compared to 48.5% for Trump.