The man who is betting more than $30 million on a Donald Trump victory wants you to know that he isn’t trying to manipulate the U.S. election.
“My intent is just making money,” the man, who called himself Théo, said during a Zoom call with a reporter from The Wall Street Journal earlier this week. He described himself as a Frenchman who had previously lived in the U.S. and worked as a trader for banks.
Théo’s huge wagers on Polymarket—a prediction market that isn’t open to Americans—drew broad attention last month after the Journal reported that four accounts on the platform had been systematically purchasing wagers on a Trump victory. The bets lifted Trump’s odds of beating Vice President Kamala Harris, as shown on Polymarket. Blockchain data showed that the accounts were all funded by the same crypto exchange, fueling debate about the motives of the “Trump whale” behind them.
