Trader Closes Six Polymarket Election Bets, Tesla Short for About $134,100

A trader known as frenchlaundry has closed six U.S. election contracts and a Tesla short across two platforms, locking in combined gains of about $134,100. The Polymarket contracts focused on Democratic control of both congressional chambers and election outcomes in several states. They cost about $382,200 and returned roughly 25.4%, or about $97,200 in profit. About 100,000 “Yes” shares on Democrats controlling both chambers earned about $31,000. Another holding of about 306,400 “Yes” shares on a Democratic win in the Texas Senate race generated about $50,200.