The crypto-based Polymarket says it has not uncovered evidence of manipulation in the massive bets on a Trump win.

Four accounts owned by one French national have poured $35 million into the prediction market, and they’re all betting on Donald Trump to win the 2024 election.

The mystery bettor making large trades on former President Donald Trump to win the election on a cryptocurrency site is a French national who is doing so based on personal belief, the site Polymarket said Thursday,

It turns out, however, that just one individual has poured more than $45 million into bets favoring Donald Trump on Polymarket, the crypto-based betting website. The company was forced to investigate after it was discovered that just four accounts were placing disproportionate bets in favor of Trump winning the election.

A French trader has placed over $28 million in bets on Polymarket favoring Donald Trump's 2024 presidential victory.

The mystery bettor on election gambling site Polymarket who made large bets on a Trump election victory is a French national who took a position based on a personal view of the presidential race, Polymarket said in a statement on Thursday.

Experts warn that Polymarket, a betting platform showing high odds for Trump's victory, may be manipulated by a few major bettors, casting doubt on its accuracy and implications for the 2024 election.

A new report from Bloomberg notes that a “handful of accounts” have “spent millions of dollars worth of crypto on bets in favor of Trump’s return to the White House.” Indeed, the Wall Street Journal recently ran a story on four highly active Polymarket accounts that have been exuberantly betting on the U.

Donald Trump's odds on Polymarket of winning the U.S. presidential election temporarily dipped Wednesday after the prediction market's second