The huge buy is further proof that predictive betting sites are only a reflection of what degenerate gamblers are willing to spend.

Thiel also spent a record $15 million on the winning 2022 Senate campaign of Trump running mate JD Vance, a former employee of Thiel's Mithril Capital venture capital company. Last year, Thiel told the Atlantic that he turned down a Trump request for $10 million and would likely sit out the 2024 presidential election.