In the weeks leading up to the 2024 U.S. Election, millions of Americans placed bets on who would win. But one particular bettor, known only as "Theo" from France, made a huge wager that has stunned everyone.
Theo put a massive $30 million bet on Donald Trump winning the White House, using a crypto-based platform called Polymarket. At first, experts thought that if Trump won, Theo would walk away with around $48 million in profit. But as the election results came in, things took a surprising turn.
A blockchain data company called Chainalysis recently revealed that Theo’s profit is actually a lot higher—about $84 million! How did that happen? Well, Chainalysis discovered something unexpected: Theo wasn't just using one or two accounts, but possibly as many as 11 separate accounts on Polymarket. That meant his potential winnings were much higher than anyone first realized.
Update: We identified a 10th address associated with "Theo" which increases the estimated total profit by $4.8M to $83.5M. An 11th address is suspected with another $2.1M profit, but unconfirmed. https://t.co/aTLPhikkrF
To make things even more interesting, ...
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