How Mystery 'Trump Whale' Reaps $50M Profit By Betting Against Polling Data

   A mysterious trader, dubbed the “Trump whale,” is set to gain nearly $50 million after making bold bets related to the U.S. presidential election. The trader, identified as “Théo,” accurately forecasted Donald Trump‘s victory, including his win in the popular vote, despite widespread skepticism from analysts. Théo placed his bets on Polymarket, a crypto-based betting platform, using four anonymous accounts. He communicated with a Wall Street Journal reporter, explaining that his strategy stemmed from a distrust of polling data. Théo, a wealthy Frenchman with a banking background, used his mathematical expertise to scrutinize U.S. polls, concluding they exaggerated support for Vice President Kamala Harris, The Wall Street Journal reported on Wednesday. See Also: Bernie Sanders Says ‘American People Are Angry And Want Change’ And ‘They’re Right’ — Democrats Have Abandoned The Working Classes Théo’s wagers, exceeding $30 million, were essentially a challenge to conventional polling methods. As election results began to unfold, Théo remained confident, especially after Trump’s strong showing in Florida. The Wall Street Journal confirmed Théo’s identity as the trader behind four anonymous Polymarket accounts, with Polymarket verifying his French nationality and trading experience. The “Fredi tracker” monitoring the accounts linked to Théo shows his total gains reaching nearly $49.5 million, with his current portfolio valued at $100.7 million on Polymarket. Obama’s Former Campaign Manager Alarmed By Early Voting Numbers As Harris-Trump Fight Close Battle: ‘Republicans Didn’t Do What They Did Last Time’ Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Image via Flickr Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.