What is a whale in prediction markets?
For prediction market participants, "whale" is a name for a trading account that bets on the market in an extraordinary manner, usually by placing a wager of $1,000 or more on a single market. These types of accounts may be wealthy, possess better information, or employ sophisticated analysis. On sites such as Kalshi or Polymarket, tracking whales is an indication of where the well-informed money flows. Monitoring the whales is not about mimicking trades. It's about what the "smart money" knows that the other market participants don't.