Odaily Planet Daily reports, according to Hyperinsight monitoring, Polymarket trader "BearKingdom" is simultaneously betting on a shift in U.S. politics and a decline in risk assets: the trader has placed bets on the Democratic Party gaining control of Congress after the 2026 midterm elections and the CLARITY Act failing to pass this year, while also shorting the S&P 500, SK Hynix, and ChangXin Memory Technologies on Hyperliquid, with the combined notional value of the three short positions totaling approximately $6.492 million.
On Polymarket, BearKingdom currently holds 6 positions, with a total investment of approximately $164,100, a current value of approximately $193,800, and an unrealized profit of approximately $29,700.
Among these, it placed three yes positions betting that the Democratic Party would control Congress, with a total investment of approximately $72,500, currently valued at about $79,200:
Democrats control the House: 47,300 votes, valued at approximately $40,400;
Democrats control the Senate: Yes: 79,900 units, valued at approximately $34,800;
The Democratic Party controls both chambers: Yes: 9,224 votes, valued at approximately $4,013.
Its largest predicted position bets that the CLARITY Act will not be signed into law by 2026. The trader holds 153,500 No contracts, with a cost of approximately $84,600 and a current value of approximately $106,700, resulting in an unrealized profit of about $22,100.
On-chain linkage shows that the Hyperliquid external wallet starting with 0x48d is associated with the Polymarket account "BearKingdom" and its proxy wallet starting with 0xabe.
On Hyperliquid, the trader currently holds three short positions with a total value of approximately $6.492 million and a net unrealized loss of about $148,300:
S&P 500: 6x isolated short position of approximately $3.244 million at an average price of $6,757.58, with an unrealized loss of approximately $307,500;
SK Hynix: Approximately $2.721 million in 2x isolated short position, average price $1,266.05, unrealized profit of approximately $191,000;
Changxin Technology: 2x isolated short position of approximately $527,100 at an average price of $7.075, with an unrealized loss of approximately $31,800.
Additionally, it has placed 88 only-reduce-position buy orders for all 70,000 CXMT short positions, with prices concentrated between $6 and $6.6679, at a weighted average order price of approximately $6.2456, planning to gradually take profits as the price declines.
BearKingdom is trading different events on both sides, but the positioning is largely aligned: prediction markets bet on Democrats regaining control of Congress and a delay in crypto regulatory progress, while trading markets bet on pressure on the broader U.S. stock market and storage stocks at elevated levels.