After Teddy Riner announced his candidacy in the 2027 French presidential election, a Polymarket account bet $18,331 on his victory. The user “oeleh” bought 70,640 “yes” shares in seven transactions at an average price of about 26 cents each. The following day, the “yes” share was trading at roughly 3 cents, reducing the position’s value to about $2,120. This represented an unrealized loss of $16,200, or approximately 88% of the initial stake. The market’s limited liquidity allowed the large purchase to sharply lower Riner’s implied odds.
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