Crypto Whales Profit on Polymarket As Donald Trump Wins

Crypto whales, or large investors betting on Donald Trump’s victory, have profited significantly on Polymarket, the top decentralized prediction market. The largest Trump-betting account, known as “Theo4,” has reportedly earned more than $20.4 million from pro-Trump wagers, according to data shared by Lookonchain on Nov. 6. Another prominent whale, “Fredi9999,” made a profit exceeding $15.6 million, while a third major bettor, “zxgngl,” netted over $11 million, Lookonchain reported in a Nov. 6 post. In October alone, ten whale addresses collectively spent $70.6 million in USD Coin (USDC) to place bets on Trump winning the 2024 U.S. election. On Oct. 18,