Polymarket User Boosts Kamala Harris’ Winning Odds After Placing $2M Bet
US Vice President’s Winning Odds Climb to 37%
Winning odds for Vice President Kamala Harris rose on Wednesday after a new Polymarket user placed a $2 million bet on her.
Decentralized betting platform Polymarket has seen massive traffic this year thanks to the hype around the US Presidential elections set to take place next month. Yesterday, the platform showed that Kamala’s winning odds had increased to 37% after the $2 million stake. Notably, the Trump-Harris battle, which was once neck-and-neck, now has a 26% gap after Trump’s winning odds shot to 63%.
So, who placed the massive bet on Kamala? The pseudonymous Polymarket user is identified as Ly67890. The $2 million bet was their first transaction on the platform. Interestingly, Ly67890 is now the largest holder of Kamala’s ‘Yes’ Shares.
Polymarket User Places a $13 Million Bet on Trump
By comparison, Trump’s largest ‘Yes’ shareholder, Fredi9999, has invested over $13 million. While they are already in profit, Ly67890, on the other hand, is counting a small loss after Kamala’s winning odds fell slightly on Thursday morning. According to data from Polymarket, the whale has lost $32,000 in the past 24 hours.
As mentioned, Polymarket has become popular in 2025, attracting thousands of users. According to data from Dune, the platform has hosted over 25,000 users daily in the last two months. Moreover, 93% of the bets placed by these users are on US politics.
Kamala Harris’ Supporters Dismiss Polls on Polymarket
While several media giants, like BBC, have referenced polls on Polymarket in their news bulletins, some of Kamala’s supporters question their credibility. For example, on Monday, billionaire Mark Cuban claimed that Polymarket data doesn’t mean anything since most users on the platform are foreigners.
It is worth mentioning that US residents are not allowed to use Polymarket after the platform agreed with the US Commodities Futures Trading Commission (CFTC) to block Americans as part of its settlement with the regulator. However, there are reports that some US citizens have been accessing the betting site using VPNs.
Although Polymarket’s competitor, Kalshi, has been allowed to accept US users, it hasn’t seen significant traffic.
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