Fredi9999 has placed millions of dollars in bets on Trump winning the presidential race — so much that it could be swaying the prediction markets.
A mysterious online trader is betting big on former President Donald Trump beating Vice President Kamala Harris in the presidential race.
Trump and Harris are locked in a tight race with less than three weeks until Election Day. Polls show the two candidates separated by only tiny margins in battleground states. But online betting markets, where individuals are putting millions of real dollars on the results of the presidential race, have broken toward Trump in recent days.
Polymarket, one of the leading political betting markets that is based offshore and partially funded by Peter Thiel, gave Trump about a 60 percent chance off winning the election as of Wednesday, while Harris had a 40 percent chance of victory. Betting odds have fluctuated throughout the election and may change based on current events and polls that could affect the outcome of the race.
But one trader has appeared to be influencing the market by betting millions of dollars on a Trump victory.
As of late Tuesday, the trader, only known as Fredi9999, has purchased more than 15 million shares, valued at $8.7 million, betting that Trump would win the election.
They have also purchased more than 3 million shares betting that Trump would win the popular vote, and nearly 1.5 million shares that Trump would carry Pennsylvania, a crucial battleground state that is viewed as the most likely tipping-point state this cycle. All told, Fredi9999’s position is valued at more than $14 million on the platform.
Who this trader may be, as well as why they may be betting so much on the presidential race, remains unknown. Polymarket is a crypto-based prediction market largely out of the reach of U.S. regulators, and its users are anonymous.
