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Why an Anonymous Overseas Trader is Betting the Cost of a Private Island on Trump’s Comeback

By Stocks News   |   Nov 2, 2024 at 07:55 AM EST   |   Stock Market News
Why an Anonymous Overseas Trader is Betting the Cost of a Private Island on Trump’s Comeback

One mystery man is dropping millions like a poker shark with zero political tells. And no, it’s not Kid Rock, Dana White, or Elon Musk tossing $30 million on Trump’s comeback. 

In fact, believe it or not, he doesn’t even live in the US. Sources say that this guy’s a French trader with a gray Nike sweater, a neatly trimmed beard, and a claim that he's only here to make some serious cash (at least he’s honest, looking at you Sam Altman). Political agenda? He says, “absolutely none.” So, what's a self-proclaimed neutral Frenchman doing betting the cost of a private island on the U.S. presidential election? 

According to Theo (the name he uses to keep his identity closed), his motives are as clear as a spreadsheet. He’s betting big on Trump purely for profit, with no agenda other than his “high conviction” that mainstream polls are missing a big chunk of Trump’s silent supporters. His theory? There's an invisible wave of Trump voters who’d rather swim with sharks than admit their allegiance to the former President to a pollster. And he thinks he’s spotted a gap that could net him a monster payday ($80 million, to be exact) if his man takes the Oval Office.

Interestingly enough, Theo’s heavy-handed bets weren’t exactly subtle on (Polymarket, a prediction market that tracks election odds based on real money). To confirm he was the mysterious “Trump whale” behind these massive wagers, he even proved his identity by placing a small bet on the platform’s “Taylor Swift pregnancy” pool (yes, that’s an actual betting option, just go on reddit). With that little wager, he cemented his identity as the guy who had taken over about 25% of the contracts predicting a Trump electoral win and nearly 40% for Trump winning the popular vote.

To keep things “subtle” (as if betting $30 million on a U.S. election is subtle), he split his bets across four accounts with sneaky names like “Theo4” and “Fredi9999,” placing over 450 separate wagers on Harris losing the race. Subtle as a freight train, this guy.

And if Trump wins, Theo’s laughing all the way to an $80 million payout. But if he loses? Theo’s looking at a financial wipeout, down $30 million—which, he admits, is a huge chunk of his liquid assets. Even he’s got his fingers crossed, acknowledging that “a surprise can always occur.” (Understatement of the year, right? It’s U.S. politics. Surprises are practically tradition.)

With Election Day closing in, Theo’s either about to go down in history as the French trader who pulled off the ultimate election prediction—or the guy who lost $30 million for the love of neutrality. And hey, if Theo wins, maybe France will shake off that whole “wimp” reputation they’ve had since… well, they managed to keep their wine cellars stocked through both World Wars.. 

If he’s right, he’ll be the guy who risked it all and won big, and maybe—just maybe—France will finally get some respect for a history-making risk-taker.

PS: Our “Wild Friday” alert yesterday delivered a 116% move in just minutes… If you’re tired about hearing about these trades AFTER the fact (and how we’re averaging a 100%+ winner every single week) Click here for details on how to become a Stocks.News Premium Member.

Stock.News does not have positions in companies mentioned.

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