PANews reported on October 24 that according to Decrypt, a new user named Ly67890 bet $2 million on the crypto prediction market Polymarket to support Vice President Kamala Harris to win the presidential election, quickly increasing her chances of winning on the platform. This huge bet was dispersed through multiple transactions, with the highest single bet reaching $148,500, making Ly67890 the largest holder of Harris' "win" option on Polymarket.
Polymarket's election odds had favored Republican candidate Donald Trump since early October, but with the emergence of Ly67890, Harris's odds have slightly increased, and Trump's odds are now down to 63%. Despite this, Ly67890's position has already suffered a paper loss of more than $31,000 in a short period of time.
Polymarket data shows that recent election topics have attracted great attention from platform users, with daily active users reaching a record high of 26,500 on Tuesday. In addition, there are reports that the platform is reviewing some of its large accounts to ensure compliance with relevant compliance standards.
