A deep-pocketed investor who’s trying 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.
Based on a brand new report by The Wall Avenue 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 creating financial institution.
“My intent is to earn money… I’ve completely no political agenda.”
Theo describes himself as a monetary veteran who noticed that polls underestimated Trump’s possibilities 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 seem to be the race can be shut as an alternative of being a Trump blowout.
On prime 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 reminiscent of 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 may not verify if he made the bets together with his personal cash or not.
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