A French trader, known only as “Théo,” has amassed nearly $50 million in profits by accurately predicting Donald Trump’s victory in the 2020 US presidential election. Théo, a wealthy former banker, placed his bets on the cryptocurrency-based platform Polymarket, defying conventional polling data and analysts’ predictions. His bold wager, exceeding $30 million, paid off handsomely, proving the power of his mathematical expertise and his unique perspective on the election.
Sourabh Chandrakar, the promoter of the Mahadev online betting app, has been arrested in Dubai and is expected to be extradited to India. The arrest follows an Interpol Red Corner Notice issued at the request of the Enforcement Directorate (ED) in connection with a money laundering case related to the app. Chandrakar’s extradition is crucial for the ongoing investigation, which involves political figures in Chhattisgarh and other regions.
Polymarket, a popular decentralized platform for betting on real-world events, is reportedly exploring the launch of its own cryptocurrency. The platform is in talks to raise $50 million in funding, which would include token warrants for investors. The potential token could be used to validate event outcomes and further boost Polymarket’s popularity, which has already seen massive trade volume during the recent U.S. elections.
Rapper-singer Drake has placed a $250,000 bet on the Kolkata Knight Riders (KKR) to win the IPL 2024 final. Drake revealed his support for KKR on Instagram, stating that he is backing the team because Sureshkumar Subramaniam, who he referred to as his boss, is a supporter of KKR. Prior to this, Drake is believed to have supported the Rajasthan Royals, who were eliminated from the tournament. Netizens have expressed mixed reactions to Drake’s bet, with some expressing concern over his perceived ‘betting curse.’
Actress has been summoned by the Maharashtra cyber cell in connection with the promotion of a subsidiary app of Mahadev online gaming and betting application. The actress has been called in for promoting the viewing of Indian Premiere League (IPL) matches on the Fairplay betting app. The Mahadev app betting case, which has sent shockwaves through Bollywood, has led to the summoning of top celebrities, including Ranbir Kapoor, Kapil Sharma, and others by the authorities. The alleged scam, worth thousands of crores, involves illegal betting platforms for various games, including live betting on Indian elections.
Veteran defensive lineman Shawn Lemon has been indefinitely suspended by the CFL for betting on league games, including one in which he played. The three-time Grey Cup champion retired in April after a 13-season career in Canada. The CFL’s investigation showed that Lemon bet on CFL games in 2021 while with the Calgary Stampeders. There was no evidence to indicate that games were impacted by his wagering, and no Calgary coaches, teammates, or team personnel were aware of his actions.
Experts provide their insights and betting tips for upcoming races, highlighting the strengths and recent performances of potential winners.
Betfred’s #PickYourPunt feature allows customers to create their own unique bets, and our experts have selected a 12/1 PickYourPunt for Manchester City’s match against Brighton. Here’s why we made those selections:
– Man City to win: They are the favorites for Premier League glory, and they should be too strong for Brighton.
– Jack Grealish to score: He has been in good form lately, and he is always a threat to score goals.
– Josko Gvardiol to be carded: He is a physical defender who is known for getting into tackles, and he is likely to be booked at some point.
Ryan Garcia, 25, reportedly placed a $2 million bet on himself to defeat Devin Haney in their fight. He emerged victorious, earning a majority decision victory and a substantial payout of $12 million on his bet. Despite being an underdog with a -910 spread, Garcia was given a favorable 55/45 purse split. Combined with his bet winnings, the fight became the biggest payday of his career, surpassing the $30 million he earned from his previous fight against Gervonta Davis.
In addition to his victory over Haney, made headlines for a reported high-stakes bet he placed on himself before the fight. According to reports, he wagered a significant amount of money on his victory and received a $12 million payout after winning the match.
