Theo, a French trader, made headlines recently for winning a large amount of money betting on a second term for US President Donald Trump. The high-stakes bet on Trump’s re-election on the decentralized betting marketplace Polymarket reportedly earned Theo close to $79 million. Initially, reports suggested that Theo held four accounts on Polymarket, but further analysis by Chainalysis, a blockchain intelligence firm, identified nine accounts likely controlled by the same individual.
This discovery was made through a thorough review of funding patterns, transaction timing, and cash-outs to specific exchange deposit addresses. Theo’s trading patterns had become increasingly scrutinized as election day approached. Despite the large-scale bets raising questions, Theo maintained that his bets were a reflection of his strong conviction about the election outcome.
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