Donald Trump Outpaces Harris on Polymarket, Musk Says It’s More Accurate Than Polls

The winning odds of Donald Trump for the upcoming election have surpassed Vice President Kamala Harris's by 3% on Polymarket.

Elon Musk believes the Polymarket betting results are more accurate than polling data. According tothe New York Times, Harris is 2% ahead of Trump in the polls.

Donald Trump Leads Harris in Election Winning Odds

The battle for who becomes the next US president has intensified as the election nears, with uncertainty increasing amid fluctuating poll results.

Election betting results from the prediction marketplace Polymarket show that Trump's winning odds have supposed Harris'. According to the data, the Republican presidential candidate currently boasts an approximately 51% chance of winning the upcoming election, while Kamala Harris has 48%.

Polymarket bets on Trump winning the election have moved like a roller coaster since incumbent President Joe Biden withdrew from the race. Harris was ahead of Trump for most of September. However, the coin has flipped, and the number of bets on Trump is now higher.

Tech billionaire Elon Musk shared this development on social media. He believes the Polymarket results paint a more accurate picture of Trump's support than the polls since bettors' money is involved.

Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line. https://t.co/WrsqZ2z8pp

- Elon Musk (@elonmusk) October 7, 2024

Musk tweeted: Trump now leading Kamala by 3% in betting markers. More accurate than polls, as actual money is on the line."

Based on the national polling average data from the New York Times, Trump is behind with 47% while Harris leads with 49%.

Musk Throws in Weight Behind Trump

Tesla CEO Elon Musk has been vocal about supporting former US president Donald Trump in the current election cycle. He has often reiterated his support via tweets on X, believing Trump will strengthen the US economy and should be given a chance in the upcoming election.

Musk made his first appearance at Donald Trump's rally held at Butler, Pennsylvania, on Saturday, the same site where Trump escaped an attempted assassination.

The tech billionaire wore a cap with the Make America Great Again slogan. At the rally, Musk described Trump as the only presidential candidate who would preserve democracy in America."

He also said, As you can see, I am not just MAGA-I am Dark MAGA."

This appearance is evidence of Musk's growing alliance with Trump and a symbol of his support for the presidential candidate. Musk also set up a super political action committee (PAC) to support the Republican candidate and has donated heavily to that cause.

Meanwhile, Trump said he would set up a government efficiency commission with Musk as the chairman if he reclaims the presidency.

It's worth noting that Trump has received significant recognition and attention within the crypto space due to his pro-crypto stance. The former president promised to create a favorable business environment for crypto and NFT and make strategic Bitcoin a reverse asset in the United States.

Top crypto figureheads like Tyler and Cameroon Winklevoss,Coinbase, and Ripple have backed Trump,donating notable amounts to his campaign.

Trump has been more vocal about his crypto stance than Harris, who has also declared intentions to support digital assets. Bitwise CIO Matt Hougan voiced his skepticism over Harris' crypto stance, saying she poses more uncertainty for crypto.

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