Sunday, August 3, 2025

Latest

Polymarket Betting Shift Favors Trump, Sparks Speculation About High-Profile Backer

The cryptocurrency-based prediction market Polymarket has witnessed a shift in betting odds for the 2024 US presidential election. Former President Donald Trump has surged ahead of Vice President Kamala Harris, defying traditional polls and raising questions about the influence of high-stakes digital wagering on political forecasts.

The sudden change, driven by millions of dollars in bets from a single mysterious account, has not only caught the attention of political pundits but also drawn commentary from tech billionaire Elon Musk.

As of Tuesday evening, Polymarket priced Trump’s chances of winning at 53.3%, compared to Vice President Kamala Harris at 46.1%. This marks Trump’s highest odds on the platform since early August and represents a notable change from just hours earlier when the split was much narrower.

The dramatic swing has been linked to the activities of a mysterious user known as “Fredi9999,” who has amassed over $4 million in bets favoring Trump. This account has raised eyebrows due to its sophisticated betting strategy and seemingly unlimited resources, leading to speculation about the identity of the trader.

Speculation is rife about the identity of this high-roller, with some suggesting it could be a consortium of investors or a single wealthy individual. Naturally, some users have posited a connection to self-described “dark MAGA” Elon Musk, noting coincidences in timing between the account’s activities and Musk’s public statements about Trump.

X user Domer points out the account was created on June 22nd, which aligns with rumors of Musk preparing to endorse Trump. Additionally, the timing of large purchases by Fredi9999 appears to coincide with tweets from accounts closely associated with Musk.

The shift on Polymarket is not mirrored on other prediction markets. PredictIt and Kalshi continue to favor Harris, albeit by slim margins. This discrepancy has led some experts, including statistician Nate Silver, to suggest that the Polymarket swing may be larger than justified by current polling data.

Musk, the world’s richest man and a recent Trump endorser, has been actively promoting the Polymarket odds shift on his social media platform X. He argues that betting odds are “more accurate than polls as actual money is on the line.”


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

AI Day 2021: Tesla Reveals Humanoid Robot That Doesn’t Exist Yet

Just when you thought Elon Musk’s empty promises couldn’t get any more absurd, along comes...

Sunday, August 22, 2021, 01:24:00 PM

Elon Musk Sued by Twitter Investors Over Allegedly Manipulating Stock Price

It appears that Elon Musk faces yet another obstacle in his proposed acquisition of Twitter...

Friday, May 27, 2022, 12:27:00 PM

President Trump’s Social Media SPAC Could Now Have Interesting Risk-Reward Characteristics

Former U.S. President Donald Trump’s SPAC stock, Digital World Acquisition Corp. (NASDAQ: DWAC), has reversed...

Friday, November 26, 2021, 03:39:00 PM

Elon Musk Reposts Meme Which Sold as an NFT Shortly After for $20K

It appears that everything Elon Musk touches turns to gold— or into a meme suddenly...

Wednesday, October 27, 2021, 11:41:00 AM

Donald Trump’s Trump Media & Technology Group To Go Public Via SPAC Deal, Plans Launch Of Social Network

It appears that not all things SPAC have gone by the wayside. It was announced...

Wednesday, October 20, 2021, 10:46:27 PM