The US elections have thrown a spotlight on a controversial polling method called the “Neighbour Effect.” A French national who calls himself “Theo” made a significant fortune betting on Donald Trump.
Theo put the equivalent of at least $30 million in bets on a Trump victory on the crypto currency betting site Polymarket. He may have received winnings of somewhere between $48 million and $84 million, according to various analysts. Theo bet on an Electoral College victory, Trump winning in four key swing states, and a win of the popular vote for the Republican.
He claims to have placed these
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