Kamala Harris’s Biggest Polymarket Backer Loses $6.7 Million As Donald Trump Secures The Popular Vote Against The Odds
Posted On November 6, 2024
Pseudonymous Polymarket trader ‘Redegen‘ ended Election Day down $6.7 million, marking a dramatic setback in his high-stakes political betting after Donald Trump won re-election.
What Happened: Redegen, now going by “theRealTaylorSwift” on prediction market Polymarket, placed substantial bets on Kamala Harris winning the popular vote and the presidency, acquiring a massive 9.2 million shares on Harris winning the popular vote and 2.6 million shares on her winning the presidency. Although he anticipated a Trump victory in the electoral college, Redegen believed that Polymarket was “systemically overweighting” Trump and “underweighting” Harris, which led him to hold onto his bets.
His portfolio now …
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