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Polymarket Trader Betting on Donald Trump Win Ends Up Getting 99% Odds

watchlist :: 2024-10-26 :: source - coindesk

By Shaurya Malwa

Republican Donald Trump’s presidential victory odds on Polymarket spiked to 99% for one entity briefly earlier Friday, data shows, as their constant buying led to a temporary mispricing in the order book.

The "GCorttell93" account purchased over 4.5 million Trump contracts in the “Presidential Election Winner 2024” market spending over $3 million in a short period. However, due to how the orderbook works, a tranche of $275,000 was filled at 99% odds - a leap from the actual 63% offered odds at the time..Continue on coindesk

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