TVK’s surprise victory in the 2026 Tamil Nadu Election delivered huge payouts for ‘Polymarket traders’ who backed the actor politician’s party.
The prediction market that allows you to bet on the outcomes of real life events saw more than $20 million in bets placed in relation to the election results.
A user who bought 101,906 shares for $6,000 which would deliver 10x returns if TVK emerged as the single largest party, closed the day with gains of more than $100,000(₹95 lakhs). Another user who both bought shares for TVK and against DMK and AIADMK secured gains of $70,000.
On the other hand, many who bet against the TVK losses. One user who bought 80,780 shares against the TVK’s victory made losses of more than $32,000. The losses were further compounded by bets made on AIADMK and DMK winning.
Traders who bet for the victory of TVK are set to make exceptional gains, as even up until the night before the election results, the markets predicted slim odds for the actor-politician’s party, with contracts trading as low as 10 cents on the dollar. Every dollar invested for an outcome would deliver $90 dollars in return if the outcome is achieved.
As the results rolled around on Monday, so did the massive payouts.
Published on May 4, 2026