The “GCorttell93” account recently made waves in the prediction markets by purchasing over 4.5 million Trump contracts in the “Presidential Election Winner 2024” market. This purchase amounted to a staggering $3 million investment in a relatively short period of time.
Interestingly, due to the mechanics of how the orderbook operates, a portion of this massive buy order amounting to $275,000 was filled at odds of 99%. This was a significant jump from the 63% odds that were being offered at the time of the purchase.
This unexpected move has caught the attention of market observers and has raised questions about the motivations behind such a large investment in Trump contracts. It will be interesting to see how this plays out in the coming days and weeks as the 2024 presidential election approaches.
