Polymarket Whale Wins $48M Election Crypto Bet: But This Prediction Market Was Even More Accurate
Prediction markets are big news after election betting put Polymarket in the spotlight, and now as Whale gets a $48 million win, crypto betting is viral on a new crypto prediction platform.
The 2024 United States election was nothing more than thrilling. In the end, Republicans emerged on top, triumphing determined Democrats, marking a quick shift in the country’s political landscape.
With politicians hitting the road and marketing their manifestos, many shunned traditional polls and turned to Polymarket instead.
Polymarket Punter Wins Big: $48M Crypto Bet Landed
In Polymarket, all you have to do is “buy” shares when supporting a candidate. For example, you could either “buy” Trump or Kamala shares, depending on the amount you want to bid.
The possibility of winning real money made the Polygon predictions market the largest worldwide, allowing users to stake billions supporting their respective candidates.
As the voting day approached, over $1.8 billion had been staked mainly through Donald Trump and Kamala Harris supporters.
Among them was one pro-Trump supporter in France, “Fredi9999”.
(Source)
Not only did he believe in the former president’s calls, but he also invested millions in supporting his bid on Polymarket.
The result? A $48 million payoff when AP confirmed that Trump had clinched the presidency and was taking over from Joe Biden.
Reports indicate that the trader used multiple accounts to make the bold moves, strategically wagering for the vocal former president.
Furthermore, the French punter predicted that Trump would win in crucial swing states like Pennsylvania.
No one expected Trump to take a commanding lead like he did.
At the same time, no one thought someone like Fredi9999 would win such an amount simply by “buying” shares.
It looked like he “broke” Polymarket because reports from Bloomberg show that the predictions market had to verify his identity.
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Why FreeDum Fighters Was More Lucrative And Accurate: DUM The Next 10X?
While Fredi9999’s victory is substantial, the question is now whether Polymarket’s competitor, FreeDum Fighters, offered even more accurate predictions and far more lucrative opportunities.
To understand why this is the case, one must first understand FreeDum Fighters and the incentive behind its launch.
FreeDum Fighters is not just your ordinary PolitiFi platform. Though it issues a token, DUM, the coin has real-world utility, playing a crucial part in users supporting their candidates and unlocking rewards.
Instead of cash, you only had to buy DUM from the ongoing FreeDum Fighters presale. Presently, over $446,000 has been raised.
Different from Polymarket, the platform offered a “game-like” experience in which Trump has his character (MAGATRON) and Harris (Kamacop 9000).
These characters were created using AI, battling for supremacy in the political arena.
Everyone who supported Trump could stake DUM at the MAGATRON pool, while Harris fans staked at the Kamacop 9000 pool.
Rewards fluctuated depending on who held the lead at any given time. If Trump led, for example, the annual yield fell, and vice versa.
Still, when the winner was announced, DUM stakers vouching for Trump earned a 273% APY.
The Harris pool distributed a 725% APY.
Comparing the two, FreeDum Fighters gave Trump a 66% chance to win (and he did), higher than Polymarket’s chance of 58% on November 5.
For this reason, 99Bitcoins analysts say FreeDum Fighters was far more accurate.
Unlike Polymarket, undecided voters could stake in both pools, allowing them to diversify their risks and earn rewards.
The election is over, but DUM is here and will look to dominate the political space.
DUM will list on a top DEX at the end of the presale, offering investors an opportunity to ride the uptrend.
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It is easy to see why.
With Trump in the presidency, crypto might find the much-needed support if he walks the talk.
Second, the FreeDum Fighters team is expanding the storyline, adding more political characters in the future.
At the same time, the team plans to engage the community more and distribute more rewards.
In late October, the team launched the “Gleam” giveaway worth $1,000 for new users who complete simple tasks on X.
Five winners will be selected, and each will receive $200.
There are even more rewards planned for the future, explaining investors’ confidence in FreeDum Fighters.
VISIT FREEDUM FIGHTERS HERE TO LEARN MORE
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