$917K in Paper Profits Pending, Polymarket Trader 0xa2 Still Affected by Alaska Results

Odaily Report: Polymarket trader 0xa2 climbed to the top of the platform's daily leaderboard during the U.S. midterm elections, with paper profits reaching $917,000. After Democrats won control of both the House and Senate, the trader's position betting that Republicans would not win any Senate battleground state rose to 87%.

The trader invested $609,600 to buy the above outcome, and the position is now worth $1.48 million, with paper profits of approximately $860,000; most of these gains remain unrealized and still depend on the final result in Alaska. Polymarket traders assign a 14% probability to an unexpected Republican victory.

In addition, 0xa2 bet on Democrats winning the Texas Senate race, realizing a profit of $106,100. The top ten traders on the platform's daily leaderboard all posted profits exceeding $170,000. (Decrypt)