In the weeks leading up to the 2024 presidential election, what appeared to be a small group of traders dumped millions of dollars into Polymarket, betting that Donald Trump would win. It turns out it was just one French whale who had pushed tens of millions of dollars into the market,

A French trader profited $48 million betting on Trump's election win via Polymarket.The trader, known as Théo, wagered heavily on Trump winning the Electoral College and the popular vote.The whale's two biggest accounts,

Thousands who gambled on the U.S. election are looking forward to a potential payout of about $450 million from online gambling sites after Donald Trump was elected president in a stunning comeback - but some may have to wait to collect their haul.

Like its counterpart in Kalshi, Polymarket has seen a huge boost in activity for the upcoming election. The site itself is reporting that users have already placed over $3 billion in bets on the outcome of the Presidential race alone, with more expected in the hours leading up to Tuesday.

The Polymarket "whale" is stuck in his trades due to the massive size of his bets and the relatively low liquidity of the betting markets.

The highly-anticipated 2024 US Presidential election has seen the trading volume of bets on who is going to win it in leading prediction market Polymarket surpass the $3 billion mark, with bets on Republican candidate Donald Trump surpassing $1.

Polymarket saw a total of $3.2 billion bet on the outcome of the U.S. presidential election, favoring a win by Donald Trump.