ARKham: Address linked to QCP Capital bets $1.2 million on 'Harris win' in US election

IconCryptoNewsTerminal Staff11 Sep, 2024

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ARKham: Address linked to QCP Capital bets $1.2 million on 'Harris win' in US election

ARKham (ARKM), a blockchain analytics firm, has detected an address which had been receiving funds from Singapore-based cryptocurrency trading firm QCP Capital, placing a bet of around $1.2 million on decentralized prediction market Polymarket that 'Donald Trump will lose and Kamala Harris will win' the November US presidential election. The address, which goes by the alias 'paragon' on Polymarket, is predicted to yield a profit of over $2.6 million if Kamala Harris indeed wins the US presidential election.