Crypto prediction markets show significant bets on Donald Trump’s re-election, with a few large investors, or “whales,” holding over half of the Trump “Yes” shares, fueling debates on prediction accuracy.
Major Trump Bets by Crypto Whales
In the lead–up to the U.S. presidential election, five large crypto investors control more than 50% of all “Yes” shares on a leading decentralized prediction market supporting Donald Trump’s bid. This concentration could yield these investors over $81 million if Trump wins, according to an Oct. 31 post by the pseudonymous political bettor Domer.
Comparing Shares for Other Candidates
In contrast, “Yes” shares for Vice President Kamala Harris are more widely distributed, with her top five investors controlling just 18% of the shares and her largest holder only holding 4.4%. Trump’s top backer, however, controls nearly 30%, making these bets among the most concentrated in the market.
Political Stakes for Crypto Investors
This betting surge among whales reflects the broader interest in the election, as its outcome is expected to influence U.S. crypto policy for the next four years. Some of these whales, possibly led by a single wealthy “true believer,” appear to be growing increasingly confident in a Trump victory, driving up betting volume and price.
Summary Review: Crypto whales are making high-stakes bets on Trump’s success in the upcoming U.S. election, with over half of his “Yes” shares held by just five major investors. This trend underlines the election’s expected impact on crypto regulations, as large investors position themselves for potential gains.
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