{"id":1509,"date":"2024-10-22T18:33:19","date_gmt":"2024-10-22T18:33:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1509"},"modified":"2024-10-22T18:33:19","modified_gmt":"2024-10-22T18:33:19","slug":"polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1509","title":{"rendered":"Polymarket To Review User Base In Light Of Whales Betting Millions On Trump Election Win"},"content":{"rendered":"<div>\n<p>Blockchain based prediction market <strong>Polymarket <\/strong>is conducting a thorough review of its user base to ensure that <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41363075\/26m-bet-on-trumps-election-victory-fuels-speculation-of-coordinated-activity-on-polymarket\">large-scale bettors<\/a> on the platform are based outside the United States, in compliance with its regulations.<\/p>\n<p><strong>What Happened: <\/strong>The platform, which prohibits U.S. users from trading, has experienced a significant increase in bets supporting <strong>Donald Trump<\/strong>&#8216;s chances of winning the upcoming presidential election.<\/p>\n<p>Quoting sources, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-22\/polymarket-cracks-down-on-us-bettors-ahead-of-presidential-election?srnd=homepage-americas&amp;sref=TBDibEcD&amp;embedded-checkout=true\">reported<\/a> that Polymarket is re-verifying details of users, particularly those making large wagers, to confirm compliance with its rules.<\/p>\n<p>This comes amid heightened scrutiny of Polymarket&#8217;s U.S. political markets, which has seen massive bets placed by a few high-rolling traders. <\/p>\n<p>One of the most notable traders, using the username <strong>Fredi9999<\/strong>, has wagered over $18 million on Republican outcomes, including nearly $13 million on Trump&#8217;s return to the White House. <\/p>\n<p>This account is the largest bettor in Polymarket&#8217;s presidential election market and is also the platform&#8217;s most profitable account to date.<\/p>\n<p>Blockchain analysts, including those from research firm Arkham Intelligence and sleuths from social media platforms &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41463756\/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win\" alt=\"Polymarket\" to review user base in light of whales betting millions on trump election win>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain based prediction market Polymarket is conducting a thorough review of its user base to ensure that large-scale bettors on the platform are based outside the United States, in compliance with its regulations. What Happened: The platform, which prohibits U.S. users from trading, has experienced a significant increase in bets supporting Donald Trump&#8216;s chances of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1509","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1509"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1509\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}