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A significant bet has emerged in the crypto betting world regarding the 2024 U.S. presidential election. A crypto whale recently withdrew a large amount of USDC from Binance to bet on Kamala Harris securing the presidency. Meanwhile, a French trader has bet even more on Trump&#39;s victory. This shows the growing link between crypto and political betting.Blockchain analytics platform Lookonchain reveals that a whale transferred 5 million USDC from Binance to Polymarket and betted on Kamala Harris winning the <a href="https://cryptotale.org/how-the-2024-u-s-elections-are-influencing-the-bull-market/" rel="noopener noreferrer nofollow">election</a>. Some people think that this whale has a connection with “cryptoleifeng.” The big bet shows that high-stakes crypto investors are more active in political markets. It highlights how crypto can enable quick, large transactions in new sectors.A French trader has reportedly staked over $28 million on Trump winning the 2024 election. This massive bet was placed on Polymarket, a top decentralized prediction market. It is popular for its political and event-based wagers. Reports from <a href="https://x.com/CollinRugg/status/1849518660781498826" rel="noopener noreferrer nofollow">Collin Rugg</a> and CNBC say this French national has vast experience in financial services. He manages four major accounts on Polymarket.This trader has bet $7 million on <a href="https://cryptotale.org/trump-regains-lead-over-harris-in-polymarkets-election-odds/" rel="noopener noreferrer nofollow">Trump</a> winning the popular vote, in addition to betting on his election win. Polymarket confirmed that this user is among its &#34;whales&#34; — a term for individuals or entities that make very large bets — and emphasized that it launched an investigation to ensure fair play in light of these large wagers. Following the inquiry, Polymarket stated, &#34;To date [Polymarket] has not identified any information to suggest that this user manipulated, or attempted to manipulate, the market.&#34;<a href="https://cryptotale.org/high-stakes-bets-on-trump-and-harris-shake-polymarket-odds/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

High-Stakes Bets on Trump and Harris Shake Polymarket Odds

CryptoTale

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