Polymarket: Investigations to date have not found any information indicating that Trump betting users manipulated or attempted to manipulate the market

A trader who spent more than $45 million betting that Trump would win the election has been identified as a French user following an investigation by crypto prediction market platform Polymarket. Polymarket, which does not allow U.S. users, identified four other large accounts whose owners also had "extensive trading experience and financial services backgrounds," a company spokesperson said in a statement Thursday. The accounts spent millions of dollars in total on backing a Republican victory on November 5. Online investigators have previously expressed concerns that the accounts were operated by a single person with the intent to skew Trump's odds. "Based on our investigation, we understand that this individual took a directional position based on personal views on the election," the spokesperson said. "In addition, the investigation to date has not uncovered any information that suggests this user manipulated or attempted to manipulate the market." So far, nearly $2.4 billion has been traded on Polymarket's main market for this year's election. As of Thursday, the implied probability of Trump's victory on the platform was 61.6%, compared with 59% on rival platform Kalshi and 57% on PredictIt. (Jin Shi)