As a seasoned crypto investor with over a decade of experience under my belt, I must admit that the recent move by Ly67890 on Polymarket has piqued my interest. A $2 million bet on Vice President Kamala Harris is no small potatoes, and it’s intriguing to see such a significant investment so close to the U.S. elections.
A fresh user going by the handle Ly67890 made a substantial wager predicting Vice President Kamala Harris’s success on the forecasting platform Polymarket, thereby boosting her chances in the market.
11 days before the U.S. elections, an individual identified as Ly67890 purchased approximately 2 million dollars’ worth of “Yes” shares that support the Democratic presidential candidate, as per data from Polymarket. The majority of these bets were under $1,000 in value, and only six exceeded $100,000.
The value of this bet has risen to a staggering $2.153 million, since Harris’ chances have climbed up from 35% to a significant 39.9%.
Due to a substantial wager placed by Ly67890, the accumulated bets on Harris reached over half a billion dollars.
Nevertheless, according to Polymarket data, it’s likely that the Republican contender, Donald Trump, continues to hold a strong lead in the presidential election, with an estimated 60.1% probability of victory.
The total betting volume on the next U.S. president is currently at $2.63 billion and Trump is leading with $783 billion.
Keep in mind that Polymarket’s data does not determine who will win the U.S. Presidential Election.
According to an article on crypto news, there have been indications that the cryptocurrency community is influencing the chances of Trump’s victory, despite the fact that the platform they are using is not permitted within the U.S., as it contradicts securities regulations.
As a crypto investor, one factor that has contributed to my reservations about the Democratic candidate is the anticipation of potentially stringent regulations during a Biden-Harris administration, which could hinder the growth and innovation in the cryptocurrency space.
Read More
Sorry. No data so far.
2024-10-24 12:13