**French Bettor Revealed as Key Player in Trump Election Wagering on Polymarket**

Polymarket, a rapidly expanding election betting platform, recently confirmed to multiple news outlets that a single French bettor is behind many of the substantial wagers on former President Donald Trump’s bid to return to the Oval Office. This revelation dispels prior speculations about whether the individual placing multimillion-dollar bets on the election was doing so illegally from within the United States. Unlike Polymarket, American-based competitors like Kalshi and PredictIt operate under different legal constraints, with PredictIt capping individual bets at $850 per market.

The investigation into the origin of the user, first reported on Tuesday, involved blockchain experts who identified that the significant Trump bets likely emanated from one individual. The identity sparked considerable discussion across social media platforms. According to Polymarket, Trump's implied odds of winning stand at 63%, a figure notably higher than the 52% probability attributed to him by poll-based forecasts like FiveThirtyEight.

Election betting has emerged as a major topic this season. Trump himself acknowledged this "new phenomenon" at a recent campaign event, humorously admitting his confusion about the exact meaning but expressing optimism about its positive implications. Misunderstandings about what these betting odds signify seem widespread, with Polymarket's odds indicating that Trump would win in 63 out of 100 hypothetical elections, rather than suggesting a 25-point lead in traditional polls.

A Polymarket spokesperson highlighted this misunderstanding in a statement to CNBC, emphasizing that such misinterpretations contribute significantly to misinformation surrounding prediction market platforms. As Election Day approaches, national polls show Trump and Vice President Kamala Harris in a close race, contrasting Polymarket's more confident bet on Trump.