Crypto Trader Wins Nearly $50 Million After Trump Takes the Election

A major bettor won $48.35 million after Trump officially emerges victorious the U.S. presidential election, according to insights from Arkham, a crypto analytics platform.

The trader has staked over $27 million on Polymarket, hoping for a substantial return on a Trump victory.

Several large-scale bets have emerged on both Trump and his opponent, Kamala Harris. Key bets on Trump include a user named “Fredi9999” aiming to secure $48.35 million with a $27.15 million investment, alongside other major bets like “zxgngl” and “GCottrell93,” with potential winnings of $24.75 million and $13.28 million, respectively.

Meanwhile, Harris supporters, including a user called “Ly67890,” could win over $16 million if she could take the election, with a $5.91 million investment.

Trump won by a significant margin in electoral votes, and although the counting of the votes hasn’t finished yet, Donald Trump declared victory after a major comeback.