French Whale's Polymarket Polling
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A story about a French trader who made millions betting on Trump through Polymarket by doing his own polling.
"There was this narrative versus reality situation where the polls were saying it's a toss-up, razor-close 50-50 election. This French guy came in and bet something like 30 or 40 million dollars on Trump. People were questioning if he was trying to manipulate the market, if he was real, or just some rich billionaire's son.
Today I saw that he bet because he believed Trump would win. The reason he believed this was he funded his own independent polling and felt he was getting better data showing Trump was mispriced. He said 'I just did a logical rational thing.' He wasn't trying to be political - he's French, he didn't care. He just thought there was money to be made.
He went counter to the narrative and made something like 20-30 million dollars yesterday on that bet."
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.