Trump's odds spike on Polymarket following large bet

On Polymarket, Donald Trump's odds of defeating Kamala Harris in the upcoming U.S. presidential election jumped to 13% on Thursday. According to The Block, a mystery trader, known as Fredi9999, recently increased their bet, purchasing nearly 11 million shares favoring Trump, up from 7 million earlier this week. The total wager volume on the election has now surpassed $1.6 billion. Polymarket has seen record-high trading activity, with backing from investors like Peter Thiel’s Founders Fund and Ethereum co-founder Vitalik Buterin.