The “whale” placing big bets on Polymarket in favor of Donald Trump winning the November election has ramped up betting on the former president.
The Wall Street Journal said last week that four accounts on the crypto-based betting platform Polymarket had exhibited characteristics suggesting they’re linked, either belonging to a single person or a group that’s been betting big on a Trump win.
Business Insider compiled the trading activity of the four accounts and found that two of them, Fredi9999 and Theo4, together had placed more than 2,500 bets in the past 24 hours.
Theo4 has placed as many as 71 bets a minute, suggesting that the betting activity could be automated.
Polymarket did not immediately respond to a request for comment.
According to Polymarket data, the four accounts thought to be a Trump whale — Fredi9999, Theo4, PrincessCaro, and Michie — have a combined $46 million in open positions on the betting platform.
The accounts have bet on various …