A pseudonymous Polymarket trader by the name of ‘Redegen’ has taken a significant position as vice president Kamala Harris winning the popular vote in the November elections.
What happened: Redegen declared X that if his bet proves correct, he could post a profit of almost $4 million. “I think it’s a huge EV+ bet,” he said, citing the stability of Harris’ lead and estimate Donald Trump has less than a 15% chance of overcoming it.
Don’t miss:
Reregen also made a bet that Donald Trump would win the election and the popular vote. His current total position is estimated at $6.4 million, but is currently underwater by more than $250,000.
This bold stance contrasts with other interpretations of the race. Nate Silverformer editor-in-chief of FiveThirtyEight, suggested that both Harris and former President Donald Trump could surpass their current poll numbers
Popular: Breakthrough trading app with Buy Now, Pay Later feature for stocks tackles $644 billion margin lending market – Here’s how to get shares in it with just $100
Why it’s important: The increasing tensions surrounding the upcoming elections and divergent predictions about the performance of candidates make Reregen’s efforts remarkable. Nate Silver’s model suggests that a Trump sweep of states is most likely, at 24% of the time, followed by a Harris sweep at 15%.
Harris recently received letters of support from 23 Nobel laureates, including economists Daron Acemogluthat support its economic policies to promote strong and equitable growth.
This bet reflects both broader economic sentiment and strategic political predictions in the run-up to the elections.
What’s next: The aftermath of the election and its implications for the digital assets industry will be explored in depth at Benzinga’s upcoming Future of Digital Assets event on November 19.
Read next:
Image: Shutterstock
UNLOCKED: 5 NEW ACTS EVERY WEEK. Click now to receive the best trading ideas dailyplus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
