Biden Pardon Bets Yield $300K Windfall for Savvy Polymarket Trader
An anonymous trader made over $300,000 betting on Biden's pardons, capitalizing on the low odds in the final hours of his term. This new analysis reveals their lucrative wagers.
In the final hours of former President Biden's term, an anonymous prediction market trader placed lucrative bets on who would be pardoned, even as the odds were nearly zero. A new analysis reveals that this savvy trader managed to walk away with over $300,000 in winnings.
The trader's strategy centered around Polymarket, a cryptocurrency-based prediction market platform where users can wager on the likelihood of future events. As the clock ticked down on Biden's presidency, the trader identified several potential pardon candidates and placed bets on their odds of receiving clemency.
Source: NPR
