Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
【Fredi9999 holds over $20 million in bets on Trump's victory, raising concerns about manipulation on Polymarket】 on October 18, less than three weeks before the US presidential election, the behavior of Polymarket's top bettors has raised concerns about the accuracy and potential manipulation of decentralized prediction markets. Former President Donald Trump's chances of winning the 2024 US presidential election continue to rise, largely due to the influence of Polymarket user "Fredi9999", a major bettor who holds more than $20 million worth of bets in support of Trump.On October 16, Polymarket's odds of Trump winning the presidential election rose to an all-time high of 60.2%. Momot, founder and CEO of Peanut Trade, said, "Trump's growing lead raises questions. Paradoxically, what's happening on Polymarket is now affecting the real world, and many people believe what they see on the platform." "Fredi9999" has a significant impact on the price of Trump's prediction market, and trading patterns show that "Fredi9999" can control the top four Trump whales on Polymarket. "These accounts all received large deposits from Kraken and immediately began betting on Trump. A user received a large deposit and invested it in Trump winning the popular vote, increasing his support from 26% to 39% in a few hours." These accounts received deposits of $1 million or $500,000, raising suspicions that funds were strategically deployed to influence Trump's odds. However, Elon Musk believes that decentralized prediction markets may be more accurate than traditional polls in predicting election results. Musk made the above remarks after recently increasing his support for Trump. Trump's potential winning rate is also rising in traditional betting markets. Based on overall betting odds aggregated from top sites, Trump has a 58.1 percent chance of winning, while Harris currently has a 40.4 percent chance of winning, according to data compiled by RealClearPolling.
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data