Some of the bets executed by an anonymous trader who made more than $300,000 wagering on the likelihood of former President Biden’s pardons.
In the final hours of President Biden’s term, a Polymarket trader made around $300,000 correctly betting on Biden’s last-minute pardons, according to new data provided to NPR by an analytics firm that examines cryptocurrency transactions.
As Biden issued a wave of pardons just hours before leaving the White House, the Polymarket trader bet big on four names, with the odds of those pardons occurring rapidly dropping to near zero on the prediction market site.
The trader, whose identity is not publicly