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AI summary of a third-party reportBullishNewsDesk

Polymarket trader 0xA2 shows $917,000 profit after midterm blue wave

A Polymarket trader known as 0xA2 leads the platform's daily leaderboard after Democrats won both chambers of Congress, though most of the gains hinge on Alaska's Senate result.

Why it matters: Prediction markets drew more than $546m in midterm volume, and the episode shows how quickly their odds move and how large the payouts can be.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Polymarket trader 0xA2 shows $917,000 profit after midterm blue wave
Image: Decrypt
Original reporting: Ryan Gladwin, Decrypt

Key points

  • 0xA2 staked $609,644 on Republicans failing to win any Senate swing states at 36% odds, a position now at 87% and worth $1.48m.
  • The trader also made $106,115 in realised profit from a bet that Democrats would take the Texas Senate.
  • Polymarket traders put a 14% chance on an Alaska upset that would wipe out the $860,000 unrealised gain.

A Polymarket trader using the handle 0xA2 sits atop the platform's daily leaderboard with $917,000 in profit after Democrats swept both the House and the Senate in the US midterms, Decrypt reports. Most of that gain is unrealised and rests on one market still waiting for Alaska's result.

The trader put $609,644 on Republicans not winning any Senate swing states when odds stood at 36%. That market has since risen to 87%, lifting the stake to $1.48m and leaving $860,000 in unrealised profit. A separate bet on Democrats winning the Texas Senate produced $106,115 in realised gains.

Polymarket gives the Alaska upset a 14% chance. Experts quoted by Decrypt said an 80% favourite still fails one time in five.

What to watch: Traders await Alaska's final Senate result, which Polymarket prices at a 14% chance of upsetting 0xA2's unrealised gain.

Read the full story on Decrypt

Live updates on NewsFeeds:RegulationDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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