Polymarket Trader Shorts $6.5M in S&P 500 and Memory Stocks Amid Political Bets

Trader 'BearKing' shorts $6.5M on Hyperliquid while betting on Democratic congressional control and CLARITY Act failure, showing mixed PnL across prediction and derivatives markets.

Woofun AI reports that Polymarket trader "BearKingdom" has established short positions totaling approximately $6.492 million on Hyperliquid, targeting the S&P 500, SK Hynix, and Changxin Technology.

Concurrently, the trader holds $164,100 in prediction market bets favoring Democratic control of Congress and the non-passing of the CLARITY Act by 2026. On-chain analysis links these activities to wallet 0x48d, revealing a net loss of $148,300 on the short positions despite a $29,700 profit on political bets.