French whale betting on Trump's victory has made $47.8 million in profit

Odaily News According to Lookonchain, the French whale who bet on Trump's victory has made a floating profit of $47.8 million. This "whale" is a French tycoon who worked as a trader in several banks. This summer, he began to use his mathematical expertise to analyze American polls. On August 3, he began to withdraw USDC from Kraken to bet on Polymarket. He said that his bet was essentially a bet on the accuracy of poll data. He believes that polls exaggerate Harris's support rate and fail to explain the "shy Trump voter effect." He explained that Trump supporters either don't want to tell pollsters that they support the former president or are simply unwilling to participate in polls. He commissioned a large polling agency to conduct surveys using neighborhood polls and traditional polling methods. These polls showed that when respondents were asked who their neighbors would vote for, Harris's support rate dropped by several percentage points compared to direct inquiries. So starting on October 2, he created three more accounts (Theo4, PrincessCaro and Michie) to continue to increase his bets on Trump. Between October 2 and November 5, he withdrew a total of 42 million USDC from Kraken to bet that Trump would win the election, ultimately realizing a floating profit of $47.8 million.