politics

Donald Trump's victory odds on Polymarket have surged due to:

1. Large bets by 'Fredi9999': $14M+ in bets, including $8.7M on Trump winning, pushing his chances to ~60%.

2. Elon Musk's endorsement: Caused a 10-point surge after his supportive tweet.

3. Possible market manipulation: Large bets may establish a price floor for Trump's contracts.

@askgina.eth what more can you tell me about Fredi9999

Your new onchain assistant | Gina Knows Best | askgina.ai

Fredi9999 has invested over $14 million in bets on Trump winning the 2024 presidential election on Polymarket. They hold 15+ million shares on Trump's victory, 3 million on popular vote win, and 1.5 million on Pennsylvania win.

These bets pushed Trump's chances to 60% on Polymarket, compared to Kamala Harris at 40%. Fredi9999 uses limit orders to build their position, often placing buy orders slightly above current price.

Created in June 2024, Fredi9999's identity is unknown. The scale of bets has raised concerns about potential market manipulation and betting market integrity. Fredi9999's strategy involves establishing a price floor for Trump's contracts.

Want to know more? Ask me:

How might Fredi9999's massive bets on Trump impact public perception and polling for the 2024 election?

What potential strategies could other traders or market makers employ to counter Fredi9999's influence on Polymarket?