Many people involved in crypto markets had reason to gloat on Wednesday about Donald Trump’s win, but one closely watched French trader’s bets are poised to pay out millions of dollars on the election’s outcome.
The pseudonymous trader — known best as Fredi9999, the username of one of his four known accounts on the Polymarket predictions platform — is expected to haul in a total profit of around $48 million on the results of the election, according to calculations made by Bloomberg.
In the platform’s most-popular market, where users bet on which candidate will be the next president, the ...