A deep-pocketed investor who’s seeking to make tens of thousands and thousands of {dollars} from crypto betting platform Polymarket reportedly says that he has no political motivation behind placing his cash on Donald Trump to win the upcoming US election.
In line with a brand new report by The Wall Road Journal (WSJ), a French nationwide calling himself “Theo” who’s betting over $30 million on Trump to win the election says his strikes are designed solely for the aim of constructing financial institution.
“My intent is to generate income… I’ve completely no political agenda.”
Theo describes himself as a monetary veteran who noticed that polls underestimated Trump’s probabilities of successful in 2016 and 2020 and concluded that if he outperformed once more in 2024, he would win.
In a Zoom name with WSJ, Theo accused media shops aligned with Democrats of setting the stage up for unrest by making it appear to be the race can be shut as a substitute of being a Trump blowout.
On high of Trump successful the presidential race, the whale additionally made bets on the Republican nominee successful the favored vote and on successful particular person swing states comparable to Pennsylvania, Wisconsin and Michigan.
If Theo wins all his bets, he’ll make $80 million.
Nonetheless, if he fails, he’ll lose his $30 million stash, which he described as most of his liquid belongings, although WSJ stated they might not verify if he made the bets along with his personal cash or not.
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