A savvy Polymarket user walked away with almost $1 million after accurately predicting the exact words former President Donald Trump wouldβand would notβsay during a high-profile X Spaces conversation with Elon Musk. Known as βbama124β on the decentralized betting platform, the user has built an impressive portfolio with a total position value of over $2.25 million after joining Polymarket in July.
Some of the markets bama124 bet on during the Trump-Musk conversation included key phrases that the Republican presidential candidate might use, such as βcrypto,β βBitcoin,β βTesla,β and βcensorship.β The bettor correctly predicted that the former president would not mention any of those terms.
For instance, bama124βs position in the βWill Trump say βcryptoβ during the Elon interview?β market surged by 57.15%, netting them $122,645. Similarly, the bet that Trump would avoid saying βBitcoinβ during the chat earned bama124 a 65.68% return, adding another $74,954 to their winnings.
The bettor traded in 77 different markets in total, with a trading volume exceeding $11.6 million. Despite suffering a few losses, such as a $67,000 hit on a bet that Trump would avoid the word βtampon,β bama124βs sharp instincts and strategic plays resulted in an impressive $964,402 profit.
More than 1 million X users tuned in to listen to the Trump-Musk chat, where several issues, including how Trump will secure the United States border with Mexico and Russiaβs invasion of Ukraine, were discussed. The conversation was delayed for more than 45 minutes, with X owner Elon Musk claiming it was due to a massive distributed denial of service attack on the social media platform.
However, upon resumption, and much to the surprise of the crypto community, nothing was said regarding crypto, even with the issue becoming key in both Trump and Democratic presidential candidate Kamala Harrisβ campaigns. The former president previously suggested using Bitcoin to reduce the countryβs $35 trillion national debt and is even accepting campaign donations in the form of crypto.
Stay updated with more news on Global Crypto News.