Trump’s secret supporter finally unmasked!
However, a report from Polymarket, a cryptocurrency-based betting site, reveals that only one person has bet over $45 million in favor of Donald Trump. This situation prompted the company to investigate, after discovering that disproportionate bets were being placed in favor of the former president.
Polymarket revealed that a single trader based in France controls these accounts. The bets are made using stablecoins, which allows for a certain degree of anonymity. However, blockchain analysis companies can track the origin of the funds and reveal the wallet holders.
### A Vulnerable Site
The platform does not operate in the United States due to an agreement with the Commodity Futures Trading Commission, raising concerns about whether an American was circumventing restrictions to influence the market in favor of Trump. Although this does not seem to be the case, this finding underscores that predictive betting sites are vulnerable to manipulation and do not necessarily reflect reality.
An additional concern is the potential for inauthentic opinions about a candidate, similar to how platforms like X (formerly Twitter) have fought against bot networks spreading deceptive content. A coordinated campaign of seemingly real accounts could mislead undecided voters into false beliefs, such as the idea that Trump has more support than he actually does.
These factors could cast doubt on the legitimacy of a potential election result if Trump does not win. His supporters could point to the strong odds in his favor in betting markets or a large amount of inauthentic support on X. However, Polymarket’s analysis suggests that it is largely one individual influencing these bets, calling into question the validity of the betting markets.
X is also not a reliable source, as Elon Musk has used the platform to boost his support for Trump, even taking control of the @America account for his pro-Trump PAC and campaign about JD Vance. Musk has 200 million followers on X, and it was reported last year that he had [details missing].
The latest national polling average shows Trump and Harris in a statistical tie, with Harris at 48.7% and Trump at 48.5%. This context highlights the complexity of the electoral situation and the influence that markets and digital platforms can have on public perception.
