It turns out, however, that just one individual has poured more than $45 million into bets favoring Donald Trump on Polymarket, the crypto-based betting website. The company was forced to investigate after it was discovered that just four accounts were placing disproportionate bets in favor of Trump winning the election.

Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.

Four accounts owned by one French national have poured $35 million into the prediction market, and they’re all betting on Donald Trump to win the 2024 election.

Donald Trump's odds on Polymarket of winning the U.S. presidential election temporarily dipped Wednesday after the prediction market's second largest holder of "yes" shares in a victory for the Republican nominee placed bets on his opponent.

Polymarket representatives say they have found a trader with a $28 million bet that former President Trump will win the 2024 Presidential election.

Bettors are making stronger guesses at who will win the 2024 election. Recent polling has trended toward Donald Trump. See what that means.

"Trump is uniquely popular amongst gamblers ever since the 2016 election," a betting-market commentator said.

A newly registered Polymarket user backed Vice President Kamala Harris with $2 million, boosting her odds in the U.S. election showdown.

As the 2024 presidential race heats up, Donald Trumps chances of returning to the White House are at an all-time high, according to Polymarket. The betting platform, which tracks real-time predictions based on

BI compiled data on the trading activity of the Polymarket "whale" accounts and found two of them placed more than 2,500 bets in the past 24 hours.

A trader who spent more than $45 million on Polymarket bets that Donald Trump will win the upcoming US presidential election has been identified as a French national, following an investigation by the cryptocurrency-based prediction markets platform.