Crypto Trader Wins Nearly $50 Million After Trump Takes the Election
06.11.2024 10:41 1 min. read Alexander Stefanov
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.
-
1
Pump.fun Faces Decline Amid Lawsuits and Hacking Scandals
30.03.2025 10:00 2 min. read -
2
Crypto Adoption Soars in South Korea as Investor Numbers Reach 16 Million
31.03.2025 10:00 2 min. read -
3
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
4
Binance Suspends Employee Over Insider Trading Allegations
25.03.2025 13:19 1 min. read -
5
DeFi TVL Drops in Q1 2025 as AI and Social Apps Gain Momentum
04.04.2025 14:00 2 min. read
Trump’s Threat to Fire Fed Chair Raises Alarms Over Market Stability and Crypto Impact
Anthony Pompliano has voiced strong opposition to Donald Trump’s recent push to remove Federal Reserve Chair Jerome Powell, warning that such a move could damage the credibility of the U.S. financial system.
U.S. State Targets Coinbase as Federal Crypto Crackdown Fades
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
JUST IN: Asia’s First XRP Tracker Fund Debuts with Ripple Backing
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
-
1
Pump.fun Faces Decline Amid Lawsuits and Hacking Scandals
30.03.2025 10:00 2 min. read -
2
Crypto Adoption Soars in South Korea as Investor Numbers Reach 16 Million
31.03.2025 10:00 2 min. read -
3
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
4
Binance Suspends Employee Over Insider Trading Allegations
25.03.2025 13:19 1 min. read -
5
DeFi TVL Drops in Q1 2025 as AI and Social Apps Gain Momentum
04.04.2025 14:00 2 min. read
