On Polymarket, a crypto-based prediction platform, Donald Trump’s odds for winning the 2024 U.S. presidential election recently rose to 53%, overtaking Vice President Kamala Harris. This surge in odds has stirred speculation about potential manipulation by “Fredi9999,” Polymarket’s largest Trump backer.
High-Profile Betting and Manipulation Concerns
The user “Fredi9999” has accumulated over 7.8 million Trump shares, sparking rumors about their financial backing, with some even speculating links to Elon Musk. While the platform’s mechanics enable market-based predictions, large bets can sway outcomes, leading to concerns over market integrity.
Speculation vs. Polling Data
Despite the rising odds, traditional polling data doesn’t align with Polymarket’s market sentiment. Experts suggest that emotion-driven betting skews odds, which may not truly reflect public sentiment. This activity highlights how crypto prediction markets, though speculative, influence perceptions in political forecasting.
Source: Decrypt
