Election ‘whale’ bettor made much more on Trump win than originally thought, analysis shows [Video]

Millions of Americans placed election prediction bets in the weeks leading up to Election Day, and one of those market bettors is walking away with much more than previously estimated.

A French individual known by the name of “Theo” originally put more than $30 million on a Donald Trump White House win on the crypto-based trading platform Polymarket.

The anonymous bettor was originally projected to take home a profit of $48 million on the wager, but blockchain data firm Chainalysis provided an update on Thursday that the profit number is actually closer to $84 million.

“We identified a 10th address associated with ‘Theo’ which increases the estimated total profit by $4.8M to $83.5M,” Chainalysis’ X account posted. “An 11th address is suspected with another $2.1M profit, but unconfirmed.”

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Polymarket gamblers allegedly spent $3.7 billion in election bets, and even more money was spent on competitor platforms like Robinhood, Kalshi, Interactive Brokers and PredictIt.

Just hours before Election Day, Polymarket, which is …