politics

Media reports suggest that the rising odds of Donald Trump's victory on Polymarket could be genuine.

Traders on the platform have placed significant bets on Trump's win in the 2024 presidential election, leading to discussions about potential market manipulation. Currently, Trump leads Kamala Harris by 23.3%. 

However, similar trends are being observed on other prediction platforms like Predictit and Kalshi, which reduces the likelihood of a single participant influencing the entire market, according to Coindesk. 

Bloomberg analyst Matt Levine adds that the trader accused of manipulation, known as Fredi9999, was not trying to artificially boost Trump’s odds but is simply aiming to profit from the situation.