A Polymarket trader has placed a $250,000 wager that Chinese President Xi Jinping will be out of power by the end of 2025, one of the platform’s largest active political bets. The same trader reportedly earned over $500,000 earlier this year by correctly predicting that President Joe Biden would withdraw from the 2024 presidential race.
- The contract, hosted on Polymarket, allows users to bet on whether Xi will remain in office through December 31, 2025.
- Polymarket has become a popular destination for traders speculating on global political and economic events, with millions in open interest across geopolitics-related markets.
- While the probability of Xi being removed remains low according to current market pricing, large wagers have drawn attention to the contract’s volume and liquidity.
- The trader’s prior record in U.S. political markets has increased interest among other market participants tracking the bet.
Relevant Companies
- Intercontinental Exchange ($ICE) — Parent company of the New York Stock Exchange, which recently announced a major investment in Polymarket.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
