As of Wednesday, Polymarket users Fredi9999, Theo4, PrincessCaro and Michie had invested a combined $30 million betting that Trump would win the 2024 presidential election. Another Polymarket user, zxgngl, recently bet more than $5 million on a Trump victory. The analysis points out that an influx of more than $35 million in bets may have contributed to the recent significant improvement in Trump's victory margin.
Venture capitalist Alex Marinier was one of the first investors to invest in Polymarket’s seed round in 2020. He said it was entirely possible that "some big players are making big bets that will sway the market." (Fortune)
Earlier news, according to Bloomberg, Polymarket plans to initiate restrictions on US users, focusing on large-scale betting players, including conducting certain compliance checks.