A mysterious investor, known only as “Theo,” is betting big on Donald Trump winning the 2024 US election. Theo, a French national, has reportedly put over $30 million on Trump’s victory on the crypto betting platform Polymarket. He claims his motivation is purely financial, aiming to make a whopping $80 million if his bets pay off.
Betting on a Trump Win
Theo, who describes himself as a seasoned financial player, believes that polls underestimated Trump’s chances in the past. He argues that if Trump outperforms expectations again, he’ll win the election. Theo has placed bets not only on Trump winning the presidency but also on the Republican nominee winning the popular vote and specific swing states like Pennsylvania, Wisconsin, and Michigan.
Political Agenda or Profit Motive?
Theo insists he has no political agenda, stating, “My intent is to make money… I have absolutely no political agenda.” However, he has accused some media outlets of fueling unrest by portraying the election as a close race, suggesting a Trump victory is more likely.
High-Stakes Gamble
Theo’s bets represent a significant chunk of his liquid assets. If he loses, he stands to lose his entire $30 million investment. While he claims this is his own money, the Wall Street Journal could not independently verify this.
Disclaimer: This information is for general knowledge and should not be considered investment advice. Always do your own research before making any investment decisions.
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