Trump leads Harris by 2.2% on Polymarket betting

On Polymarket, former U.S. President Donald Trump currently holds a 50.6% chance of winning the 2024 election, surpassing Vice President Kamala Harris, who stands at 48.4%.  

The decentralised prediction market reflects a 2.2% lead for Trump, as bettors place real money on their outcomes, unlike traditional polls.  

Elon Musk, CEO of Tesla, weighed in on the data, stating on X that Polymarket's betting results are “more accurate” than traditional election polls, citing the financial stakes involved.  

He pointed out that the Polymarket numbers present a sharper outlook compared to national polling averages like the New York Times' report, where Harris leads Trump by 49% to 47%.  

Trump's rising odds follow a period of fluctuation on Polymarket since current President Joe Biden withdrew from the race in July.  

Harris previously led in September, but Trump’s numbers have climbed throughout October.  

Musk, known for his influence in various sectors, made headlines recently by attending Trump’s rally in Butler, Pennsylvania, where the former president narrowly survived an assassination attempt.  

Wearing a “Make America Great Again” cap, Musk praised Trump, calling him the only candidate “to preserve democracy in America,” according to AP News.  

Cryptocurrency has become a hot topic in the 2024 presidential election, with Trump publicly supporting crypto, NFTs, and decentralised finance (DeFi).  

Although Harris has remained relatively silent on the issue, she mentioned in September that she aims to foster growth in digital assets.  

Matt Hougan, CIO of Bitwise, remarked that while Harris’s stance brings uncertainty to the crypto space, he believes the digital asset sector will thrive regardless of the election outcome.  

The U.S. presidential election is set for November 5, 2024, and both candidates continue to push their agendas as the race tightens.