- 5 crypto whales have acquired 50% of Donald Trump’s “Yes” shares.
- Whales could earn $80 Million in profit if Trump wins.
- Polymarket has indicated a 57.7% chance of Trump’s winning.
It’s November 5th, a few hours before the fate of the USA is decided. The fight between Vice President Kamala Harris and Former President Trump for the next US president’s seat is approaching its end.
Crypto whales are betting heavily on decentralized prediction markets. Trump is leading the odds and has emerged as the first choice of whales. However, traditional polls paint a whole different picture and favor Kamala.
5 Crypto Whales Controlling Majority “Yes” Shares of Trump
On Polymarket, 5 whales control a large chunk of Trump’s “Yes” shares, which is around 50%, worth 160 million shares. This data was highlighted by a crypto political better, Domer on X, in one of his posts on Oct 31.
He further mentioned that Trump’s win would bring a remarkable profit for these crypto whales. Those 5 will be paid off with $81 Million.
While talking to Kamala’s “Yes” share ownership, he stated that the VP’s share distribution is diverse. The top 5 shareholders have acquired 18% of her “Yes” votes. None of them has more than 5% of the share.
The largest shareholder of Kamala Harris’s shares has only 4.4%. On the other hand, the largest holder of Trump’s shares has acquired 29.1%. Domer told a crypto media outlet that 4 out of the top 6 pro-Trump accounts are controlled by just one entity who is highly confident of his victory.
Trump’s Odds of Winning in Decentralized Prediction Markets
Decentralized prediction markets are bullish on Trump’s victory. According to Polymarket, the Former president is currently leading the race. After some weeks of volatility, his winning odds are back on track.
Based on a post from Polymarket’s account on X, Trump’s chances of winning are 57.7%. At the same time, the current Vice President has seen some decline in her likelihood of winning. Now, the odds of her success in becoming the president are 42.3%.
Voters are hyped up about this election. Polymarket has projected a 57% possibility that the US elections could see a higher voter turnout. The swing states would be a focal point in turning the election results in anyone’s favor.
As per the reports, the election poll results from the swing states also hint at the possibility of Donald Trump’s victory. Arizona is going with Trump, with a winning rate of 76%, while Harris is chasing him at 24%.
Georgia is also showing Trump’s victory. The possibility of his winning is 64%, and Kamala was left at 34%. Pennsylvania, too, is going with Trump. At the same time, Wisconsin and another state, Michigan, favored Harris for the US president’s post.
In Wisconsin, the winning odds of Kamala are 58%, and in Michigan, she is leading with a 59% winning rate. Donald Trump is behind her with a 42% and 41% winning possibility in these states, respectively.
What are the Traditional Polls Indicating?
Despite decentralized prediction markets indicating Trump’ll triumph, the traditional polls are projecting an opposite story. According to a survey conducted by The New York Times, the current Vice President is winning the US elections.
Per the National polling Average, the odds are in favor of Harris. She has the edge of 49%, compared to 48% for Trump.
Elon Musk has emerged as an ardent supporter of Trump in this election. He favors predictions made by decentralized prediction markets. He says, “Decentralized prediction markets may offer more accurate predictions than traditional polling systems, as investors are voting with their savings.”
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
