PANews reported on October 24 that according to Bloomberg, the prediction market Polymarket confirmed after investigation that a trader who spent more than $45 million on Polymarket to bet that Trump would win the upcoming US presidential election was a French citizen. They determined that the traders behind the four large accounts also had "extensive trading experience and financial services background." The largest of these accounts was logged in with the username Fredi9999. Previously, cyber detectives had worried that these accounts were controlled by the same person in order to increase Trump's odds to support his chances of winning.
A Polymarket spokesperson said: “Based on our investigation, we understand that this individual was taking directional positions based on his personal views on the election. Additionally, our investigation to date has not uncovered any information that indicates this user manipulated or attempted to manipulate the market. The user has agreed not to open additional accounts without notice.”
Earlier news, Polymarket is conducting a new round of inspections to verify whether its platform users live outside the United States.
