{"id":12091,"date":"2024-11-02T04:57:23","date_gmt":"2024-11-02T04:57:23","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12091"},"modified":"2024-11-02T04:57:26","modified_gmt":"2024-11-02T04:57:26","slug":"french-investors-38m-bet-on-trump-win-has-no-political-agenda","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/french-investors-38m-bet-on-trump-win-has-no-political-agenda\/","title":{"rendered":"French Investor&#8217;s $38M Bet on Trump Win Has \u201cNo Political Agenda"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">A French national known as \u201cTh\u00e9o\u201d has placed roughly $38 million in bets on Polymarket, predicting a win for Donald Trump in the 2024 U.S. presidential election. According to a Wall Street Journal report on November 1, Th\u00e9o controls four Polymarket accounts under the names Fredi9999, Theo4, PrincessCaro, and Michie, all heavily betting on Trump to secure both the Electoral College and popular vote. Th\u00e9o clarified to WSJ reporters that his motivation is purely financial, with &#8220;no political agenda&#8221; behind the bets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Big Wager Contrasts with U.S. Polling Data<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Polymarket data indicates Trump is currently favored with 60.3% odds, despite U.S. polls showing a tight race between Trump and Vice President Kamala Harris ahead of Election Day on November 5. This heavy betting contrasts with national polling, which suggests a near-equal split between the two candidates. Th\u00e9o\u2019s major investments, including $27 million on an Electoral College win and $7 million on the popular vote, could result in a significant payday if Trump secures victory.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Non-U.S. Traders and Polymarket&#8217;s Influence on Betting Odds<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike U.S.-based prediction platforms like Kalshi, Polymarket operates outside the United States, allowing international participants like Th\u00e9o to place substantial bets. With early voting ending in many U.S. states on November 1, the results may not be announced for several days post-Election Day due to the anticipated closeness of the race. In the final days of the campaign, Vice President Harris has focused on key issues in a \u201cclosing argument\u201d speech but has largely avoided discussing digital assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As Election Day approaches, Th\u00e9o\u2019s high-stakes bets highlight the unique influence of international speculators on Polymarket\u2019s betting odds, impacting how the public perceives the chances of each candidate in the 2024 U.S. election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A French national known as \u201cTh\u00e9o\u201d has placed roughly $38 million in bets on Polymarket, predicting a win for Donald Trump in the 2024 U.S. presidential election. According to a Wall Street Journal report on November 1, Th\u00e9o controls four Polymarket accounts under the names Fredi9999, Theo4, PrincessCaro, and Michie, all heavily betting on Trump [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":9760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-12091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>French Investor&#039;s $38M Bet on Trump Win Has \u201cNo Political Agenda<\/title>\n<meta name=\"description\" content=\"A French national known as \u201cTh\u00e9o\u201d has placed roughly $38 million in bets on Polymarket, predicting a win for Donald Trump in the 2024 U.S. presidential\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/french-investors-38m-bet-on-trump-win-has-no-political-agenda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French Investor&#039;s $38M Bet on Trump Win Has \u201cNo Political Agenda\" \/>\n<meta property=\"og:description\" content=\"A French national known as \u201cTh\u00e9o\u201d has placed roughly $38 million in bets on Polymarket, predicting a win for Donald Trump in the 2024 U.S. presidential\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/french-investors-38m-bet-on-trump-win-has-no-political-agenda\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" 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