A Mystery $30M Bet Moves the Trump Prediction Market

Bloomberg's Mike Regan on why in one particular betting market the odds are skewed in Trump's favor.
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[NabilHelou]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[TStLou]

People- the debating is OVER. Get out and VOTE EARLY!! We lose 10% of voters waiting for election day, then not making it. Organize family & friends to come with you!! A staggering % of working class people are not voting. Elections have consequences!!

[AppalachianPatriot]

The Big Guy is betting part of his 10% against Harris.

[CattyWompus.]

Not to naysay, but there’s been billions of dollars bet on this race, 30M, while a lot of money, isn’t really moving the needle all that much.

[chrisfamos]

Good points but at the end of the day nobody wants to lose money. Who cares who funds it

[albertorr]

Joe Biden and Bill Clinton are in for 15 each. Mystery solved

[yeeebayeeba]

Keep coping. You all will be calling Trump, Mrm President once again.

[fred-]

Youre telling me a 2.1 billion betting market got moved to 60% by a 30M bet?

[kathychanning]

More like 90/10 Trumps lead. Have you seen the Trump rallies?

[abrockman]

100% of the people gambling need to remember that the house ALWAYS wins.

[alexwavves]

The betting markets had alresdy shifted towards trump before the 30m bet.

[DJToMyHits]

After that interview, ide bet the house to

[redemptionecho]

They're anonymous but we're going to still tell you all the information, because we totally know all the anonymous information. lol

[Jeremiah-fh]

The 30m bet isn’t made to lose. They know the numbers and if they have that kind of coin, they’re operating under information. Whether it’s access to internal polling or direct access into the Democrat’s Intel, there’s a reason these bets are happening.

If I were to guess, this is a heavy Democrat donor who has seen the numbers and plans to recuperate what he’s dumped into Kamala.

[CSqrdX]

So you’re saying this actually has no predictive value and can be easily manipulated? Why is this even given any credence?

[tcorourke]

Four accounts placing $35 million in bets is not a $30 million dollar bet. Plus you can't confirm the four are one person.

Terrible clickbait title.

[volvowithlazers]

So when these folks lose the bet whose house will be the winner? Cuz this is a sucker bet

[danechristmas]

Don't you people ever get tired???

[garyK.ACP]

Betting markets aren't going Harris's way, so Bloomberg swoops in to to cope.

VOTE! Trump 2024.

[beachbummer]

shocker...smart money moves to the candidate that can articulate effective policy...