In a recent post on X (formerly Twitter), Elon Musk highlighted the ongoing shifts in political betting markets, where Donald Trump is now leading Vice President Kamala Harris by 3%. Musk noted that betting markets may offer a more accurate picture of the political landscape compared to traditional polls, as “actual money is on the line.”
Musk’s comments came in response to a post from DogeDesigner, showing that Trump has garnered 51% support in the betting markets on Polymarket, with a trading volume exceeding $300 million. In comparison, Harris currently holds 48%, with a volume of over $250 million. The data underscores the close competition between the two political figures, as the U.S. gears up for the 2024 presidential election.
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’s take on betting markets being more reliable than traditional polling has sparked discussions on whether market-based predictions could eventually play a larger role in election forecasting.
