Mystery overseas account increases its Trump bids on Polymarket betting site

Michelle Conlin - Reuters - 21/10
One of the four accounts on Polymarket that have fueled speculation over their large bets on a Trump election victory has taken even bigger wagers, increasing the collective potential payout if Trump wins from $30 million on Friday to nearly $43 million Monday morning, according to Polymarket's activity tracker.
  • Four accounts with large bets on Polymarket owned by non-Americans
  • Trump's odds of winning on Polymarket at 63% vs. Harris' 37%
  • CFTC Chairman Behnam calls for Congress to weigh in on election betting
NEW YORK, Oct 21 (Reuters) - One of the four accounts on Polymarket that have fueled speculation over their large bets on a Trump election victory has taken even bigger wagers, increasing the collective potential payout if Trump wins from $30 million on Friday to nearly $43 million Monday morning, according to Polymarket's activity tracker.
The four accounts on the cryptocurrency-prediction exchange are owned by non-Americans or a single non-American, a person familiar with the matter told Reuters on Friday, speaking on condition of anonymity.
The bets, coming with the rise in Trump's odds on Polymarket, have drawn scrutiny because they diverge sharply from opinion polls. Polls have indicated a neck-and-neck race between Vice President Kamala Harris and former President Donald Trump.
On Polymarket, opens new tab, however, Trump's chances have soared to 63% versus Harris's 37%. Odds on other prediction markets, such as Kalshi and PredictIt, have followed suit.
That has raised questions by social media users and prediction-market experts about whether large bets were swaying the markets or whether predicti...
[Short citation of 8% of the original article]