A mysterious influx of $30 million in bets supporting Donald Trump has shifted the odds in his favor on Polymarket, a popular betting platform, despite polls showing Trump and Vice President Kamala Harris neck and neck. The sudden surge in pro-Trump wagers has sparked curiosity about the source of the funds and its potential impact on betting markets.
Trump’s Gains on Betting Platforms
According to a report from The Wall Street Journal, Trump’s supporters are energized by the shift in odds, which has also been reflected in other betting markets. On October 6, Elon Musk drew attention to Trump’s growing lead on Polymarket, sharing his approval of betting markets with his 200 million followers on X (formerly Twitter). Musk praised betting markets as “more accurate than polls” because “actual money is on the line.”
Suspicion Around the Surge
However, the betting surge might not be as organic as it appears. Reports suggest that four Polymarket accounts are behind the collective $30 million bet on Trump. The wave of wagers raises questions about whether these accounts are artificially inflating Trump’s odds, creating what some believe to be a manufactured boost in the market.
