Donald Trump Wins U.S. Election, Polymarket Bettor Scores Massive $11M Profit

The post Donald Trump Wins U.S. Election, Polymarket Bettor Scores Massive $11M Profit appeared first on Coinpedia Fintech News

Republican candidate Donald Trump has won the U.S. presidential election, securing a sweeping victory over Democratic candidate Kamala Harris. Trump amassed at least 270 electoral votes, surpassing the threshold needed to clinch the presidency. Reports indicate that Trump dominated in nearly all swing states, making his path to victory decisive. Here’s everything you need to know!

$11M Profit for Top Bettor

A post by Lookonchain on X reveals that the largest Trump supporter on Polymarkert currently holds an unrealised profit of $3.4 million. It further indicates that if Trump wins, this high-stake bettor’s profit could exceed $11 million. 

Will Trump Win? What the Data Shows

To claim victory, a candidate must secure at least 270 electoral votes. With Trump currently holding 246 electoral votes to Harris’s 182 votes, he has a clear edge over his opponent. Moreover, the Republican is leading in nearly all the key swing states, including Pennsylvania – the largest swing states in terms of electoral votes.    

Cryptocurrency regulation has been a central topic throughout the election campaign. Trump has taken a pro-crypto stance and has promised to bring in policies aimed at liberating the crypto sector from stringent regulators. 

Interestingly, Polymarket bettors favouring Trump have dominated throughout this election season. Even though there were rumours that Polymarket whales might have artificially inflated the winning probability of the right-wing candidate, they did little to impact the confidence of Trump supporters. 

Stay tuned to Coinpedia for more updates on the US election 2024’s impact on cryptos!