French trader behind bets that shifted US election prediction market, Polymarket says | Semafor Events NewslettersHomepoliticsbusinesstechnologynet zerogulfafricasecuritymediaThe CEO SignalEventsNewslettersPodcastAboutSpeakers BureauCareersPrivacy© 2025 Semafor Inc.Homepoliticsbusinesstechnologynet zerogulfafricasecuritymediaThe CEO SignalAboutSpeakers BureauCareersPodcastPrivacy© 2025 Semafor Inc.D.C.BXLLagosRiyadhBeijingSG Events NewslettersD.C.BXLLagosRiyadhBeijingSGIntelligentTransparentGlobalHomepoliticsbusinesstechnologynet zerogulfafricasecuritymediaThe CEO SignalEventsNewslettersPodcastAboutSpeakers BureauCareersPrivacy© 2025 Semafor Inc.Homepoliticsbusinesstechnologynet zerogulfafricasecuritymediaThe CEO SignalFrench trader behind bets that shifted US election prediction market, Polymarket saysJ.D. CapeloutoUpdated Oct 24, 2024, 2:07pm EDTOct 24, 2024, 2:07pm EDTpoliticsNorth AmericaShareCarlos Barria/ReutersPostEmailWhatsappCopy linkSign up for Semafor Principals: What the White House is reading. Read it now.Email addressSign UpThe NewsA popular crypto-based prediction platform said a French trader spent $45 million on wagers that Donald Trump will win the US presidential election, skewing the betting market in the Republican’s favor.The trader used different accounts on Polymarket, which doesn’t permit US users. The platform has Trump’s odds at 61%, up from 50% in early October, which was more in line with polling.The ubiquity of prediction platforms has been a defining feature of this election: Proponents say they are more reactive to developments in the race compared to polls.ADBut election watchers question whether they are “in any way indicative of reality, or whether the bets might constitute a form of manipulation, astroturfing momentum for Trump,” The New Yorker’s Kyle Chayka wrote.ADADTransparent news, distilled views, and global perspectives.Homepoliticsbusinesstechnologynet zerogulfafricasecuritymediaThe CEO SignalEventsNewslettersPodcastAboutCareersSpeakers Bureau© 2025 Semafor Inc.PrivacySign up for Semafor principalsWhat the White House is reading.In your inbox, every weekday. Read it now.Email addressSign up for freeSign inAlready subscribed? Sign in and we won’t show you this message again.Take me back to the article 
Is anyone else disturbed by people betting on the fate of our country?