Polymarket Account in Farage Backer's Name Took $9M in Crypto From Unknown Sources: FT

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Polymarket Account in Farage Backer's Name Took $9M in Crypto From Unknown Sources: FT

60-second summary

A Polymarket account in the name of a backer of Nigel Farage, GCottrell93, has taken in $9 million in cryptocurrency from unknown sources, with the funds being used to bet on Trump's election win, and the profit being cashed out, leaving unclear who paid in the funds and who collected the payout, raising concerns about money laundering and illicit activity…

The "GCottrell93" account bet the funds on Trump's election win and cashed out the profit, though who paid in and who collected is unclear.