Polymarket 'whale' placing as many as 71 bets a minute in favor of Donald Trump

A Polymarket account believed to be a single "whale," or a group of linked accounts, has been placing large bets in favor of Donald Trump winning the November election, according to reporting by The Wall Street Journal and Business Insider. Business Insider found that two of the four accounts, Fredi9999 and Theo4, placed more than 2,500 bets in 24 hours, with Theo4 placing as many as 71 bets a minute, which suggests automation. The four accounts, which Bloomberg reported were not based in the US, hold a combined $46 million in open positions. Polymarket did not immediately respond to a request for comment.