French Regulator Says It's 'Examining' Polymarket

The scrutiny comes after a French national, known only by his first name, Theo, profited handsomely on Polymarket by placing large, and ultimately correct, bets that Donald Trump would win the U.S. presidential election, despite polls that indicated the contest with Kamala Harris would be a toss-up. According to the Wall Street Journal, Theo is set to make $50 million on his trades.