Midterms Blue Wave Makes $917K for One Polymarket Trader, If Alaska Doesn’t Flip

In brief

• A Polymarket trader known as 0xa2 topped the platform’s daily leaderboard with $917,000 of profits after Democrats took both the House and the Senate during the US midterm elections.
• Most of those gains are unrealized, sitting in an active market that Republicans won’t win any swing states while Alaska waits on a final result.
• Polymarket gives the Alaska upset a 14% chance. Two weeks ago, its traders gave Lula a 20% chance in Brazil, and he won.

A "blue wave” swept the U.S. midterms as the Democrats took control of both the House of Representatives and the Senate, in a crushing blow to President Donald Trump.

Polymarket predictor 0xA2 is the platform's most profitable trader over the past 24 hours, according to the site's daily leaderboard. They are currently $917,000 in profit, although most of that is still in an active position that has a real (ableit small) chance of upset.

The user wagered $609,644 on the Republicans not winning any Senate swing states when odds sat at just 36%, a market which has since surged to 87%. This turned his stake in to $1.48 million, putting him $860,000 in the green.

Its important to remember: these are unrealized gains and could drop at any moment as 0xA2 waits for Alaska's final verdict. Polymarket traders put a 14% chance on an upset—and while this may seem small, the site has seen similarly sized upsets recently—as in the case of Brazil's presidential election two weeks ago.