Last week, Harris was leading Trump by a narrow 1% margin
In the presidential contest against the incumbent Vice President Kamala Harris, Donald Trump has increased his lead on Polymarket by 2.7%. The increase comes after billionaire investor Elon Musk first appeared at Trump’s rally in Pennsylvania.
According to the decentralized prediction platform, Trump has 51.0% odds of winning the upcoming elections, while Kamala Harris is closely behind at 48.3%.
Elon Musk’s Endorsement Boost
Elon Musk urged supporters to support Trump during the rally on Saturday, which coincided with the uptrend. The next elections are “the most important election of our lifetime,” he emphasized. Additionally, Musk attacked Democrats, saying they were a threat to constitutional rights. The number of Trump’s supporters has increased as a result of Elon Musk’s endorsement.
Elon Musk also discussed the Polymarket trend, claiming that it is “more accurate” than conventional election voting.
“Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”
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
However, Polymarket’s prediction differs from the national voting average as the New York Times reported. Per the data, Harris leads by 49% while Trump holds 47%.
As reported by Cryptonews last week, Harris was leading Trump by a narrow 1% margin. The prediction market noted that Harris had 50% of the total vote, while Trump closely followed with 49%.
Everyone at the rally shouted Trump’s name when Musk asked who should be the next president of the United States.
In the meantime, Trump emphasized that since escaping an attempted assassination in Butler, his dedication to returning America to its former glory has grown. According to him, the Democratic Party aims to weaken American principles.
Tens of thousands of people attended the rally, echoing Donald Trump’s post-shooting remarks from July with chants of “Fight, Fight, Fight.”
Furthermore, Trump made another allusion to the release of Silk Road founder Ross Ulbricht; however, neither Elon Musk nor Trump commented directly on the cryptocurrency market.