Nearly $80 million was in play across six bets related to President Joe Biden's status as the Democrat's nominee, excluding specific bets related to the presidency.
At the end of June, the market indicated a 90% chance that Biden would be the Democrat's candidate, despite volatility surrounding calls for his resignation.
One trader, AnonBidenBull, lost nearly $1.8 million on a contract and over $2 million in total on related Biden bets.
One user, 'therealbatman,' lost almost $647,500 on a bet regarding Biden's resignation and about $1 million in total on Biden-related speculations.
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