Election 'whale' bettor made much more on Trump win than originally thought, analysis shows [FOX Business Network]
Interactive Brokers Group, Inc. - Class A (IBKR)
Last interactive brokers group, inc. - class a earnings: 4/21 04:01 pm
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Source: FOX Business Network
Millions of Americans placed election prediction bets in the weeks leading up to Election Day, and one of those market bettors is walking away with much more than previously estimated. A French individual known by the name of "Theo" originally put more than $30 million on a Donald Trump White House win on the crypto-based trading platform Polymarket. The anonymous bettor was originally projected to take home a profit of $48 million on the wager, but blockchain data firm Chainalysis provided an update on Thursday that the profit number is actually closer to $84 million. "We identified a 10th address associated with ‘Theo' which increases the estimated total profit by $4.8M to $83.5M," Chainalysis' X account posted. "An 11th address is suspected with another $2.1M profit, but unconfirmed." Polymarket gamblers allegedly spent $3.7 billion in election bets, and even more money was spent on competitor platforms like Robinhood, Kalshi, Interactive Brokers and PredictIt. Just hour
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IBKR
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- 10/15/24 - Miss
IBKR
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- 11/14/24 - Form SC
- 10/21/24 - Form 8-K/A
- 10/15/24 - Form 8-K
- IBKR's page on the SEC website