Trump Victory Nets Whales Millions: ‘Theo4’ Leads with $29M in Polymarket Profits!

As the 2024 U.S. Presidential Election results streamed in, Donald Trump emerged victorious, but so did the “whales” who bet on his success.

Furthermore, high-rolling bettors, engaging on Polymarket, the offshore crypto-based prediction platform, have walked away with massive profits. Leading the charge is one player, “Theo4,” who secured a staggering $29 million in gains after Trump clinched victory.

Polymarket Rising Stakes in Political Betting

In the weeks leading up to the election, the pressure mounted as big-money bettors threw their weight behind Trump’s candidacy.

Polymarket’s blockchain data reveals significant wagers placed by accounts like “zxgngl” and “walletmobile.” These accounts spent millions on Trump’s winning outcome, with zxgngl betting $18 million for a chance to win $29 million if Trump won the Electoral College​

The stakes were high, and as the election approached, Polymarket was giving Trump a 66.7% chance of winning. With major figures like Theo4 leading the charge, it seemed the markets were convinced of a Trump win long before the official results were announced​

Despite regulations prohibiting U.S. residents from participating directly, Polymarket continues to thrive internationally. This was evident as global traders sidestepped geographical restrictions to place large wagers, pushing the value of political betting into new territory. The massive scale of these bets, with some accounts betting up to $30 million, illustrates the growing confidence in digital prediction markets for political outcomes​

Whales Control the Outcome – For Now

It’s not just the whales that make these markets so intriguing; as reported by The Wall Street Journal, it’s the sheer volume of their wagers. With reports revealing that one anonymous bettor, named “Théo”, bet $30 million across multiple accounts, it’s clear that high-stakes investors are watching closely.

As these bets unfolded, one thing was evident: the financial weight behind these political bets was enough to turn heads and shape public perception of election outcomes​

The question remains—are these platforms the future of political wagering? As the margins grow larger and the stakes higher, more people may look to prediction markets like Polymarket to place their bets and potentially alter the course of political history.

For now, Trump’s victory has not only secured him the presidency but has solidified his supporters’ place in a new world of political betting. What comes next? Only time will tell.