Prediction market Polymarket has linked a single French trader to a group of accounts that heavily bet on Donald Trump’s election odds, amid concerns of potential market manipulation.

Polymarket Identifies French Trader Linked to Multiple Accounts

Polymarket has discovered that one French trader is behind several accounts placing significant bets on Donald Trump’s chances in the upcoming U.S. presidential election. According to a report by The New York Times, a spokesperson for the online prediction market confirmed that one trader, possessing “extensive trading experience and a financial services background,” controls four accounts — Fredi9999, Theo4, PrincessCaro, and Michie. These accounts collectively hold around $28 million in bets related to Trump’s election odds.

Investigation Reveals No Evidence of Market Manipulation

Despite concerns about whether these accounts artificially inflated Trump’s odds, Polymarket found no evidence of manipulation. The company emphasized that the trader was merely taking a directional position based on personal views of the election.

Polymarket communicated with the trader as part of an investigation conducted in collaboration with external experts, including Nardello & Company, a specialized investigations firm. The company reported that the accounts were used to place relatively small bets to accumulate contracts without dramatically increasing their prices.

Other Significant Bets on Polymarket

Meanwhile, an unknown trader with the Ly67890 username placed a massive bet on Kamala Harris, increasing her odds on the market prediction platform. The trader bought $2 million worth of “Yes” shares for the Democrat presidential runner just 11 days ahead of the U.S. elections, according to data from Polymarket. Most of the bets were worth less than $1,000, and only six were worth over $100,000.

As of press time, Trump leads on Polymarket with 62.2% support, while Kamala Harris has seen a decline since early October, currently sitting at 38%.

“Polymarket sees no evidence of manipulation, emphasizing that the trader was merely taking a directional position based on personal views of the election.”

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