DECRYPT · 2026-11-04 11:48 UTC

Midterms Blue Wave Makes $917K for One Polymarket Trader, If Alaska Doesn't Flip

Polymarket trader 0xA2 profited $917,000 betting on Democrats winning Senate swing states, with most gains still unrealized pending Alaska's final result. Prediction markets saw over $546 million in notional volume during the midterms, with top 10 Polymarket users profiting more than $170,000 combined. Prediction markets have become increasingly popular for election forecasting, though they have shown inaccuracies such as misjudging Brazil's recent presidential election.

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