The CEO of X, Tesla and SpaceX appeared at a Trump rally to show his support.
Harris has outperformed Trump in the Polymarket bet for short periods of time.
Former President Donald Trump regained the lead over Vice President Kamala Harris at Polymarket, the cryptocurrency sportsbook, with a 51% chance of winning compared to Harris’ 48.3%. This advantage has been consolidated after the incorporation of Elon Musk to the Trump campaign, marking a significant turn in the bets for the presidential elections on November 4.
Polymarket, known for its prediction markets powered by tokens and cryptocurrencies, has played a crucial role in reflecting electoral trends through betting. The platform has accumulated 1,044 million dollars in bets for these elections, underscoring the interest and trust of users in this prediction system.
The change in odds in favor of Trump was driven by Musk, who attended a rally of the Republican candidate in Butler Farm, Pennsylvania, the same place where Trump survived an assassination attempt. The presence of Musk, an influencer in the world of cryptocurrencies and technology, has not only mobilized his followers towards Trump, but has also reinforced the perception of technological and financial support for the Republican candidate.
Musk’s impact on the bitcoin and cryptocurrency ecosystem is well known, with his past statements directly influencing the prices and adoption of these technologies. Trump, for his part, has shown a favorable stance towards cryptocurrencies, promising to support the industry, which has resonated well with crypto investors and enthusiasts.
In contrast, Harris has taken a more cautious stance, mentioning only that she would encourage investment in this sector, a statement that has generated less enthusiasm among cryptocurrency bettors.
A Polymarket bettor, EastBoat, commented that the number of bets on Trump increased by almost 50 million in 24 hours. “This makes Kamala’s followers tremble,” he added.
“However, since they are not from the group we could call ‘Black MAGA,’ they don’t know enough about the Trump campaign, so they just feel dizzy not knowing what is going on. However, the ‘Black MAGA’ group that is betting on Trump clearly knows what is happening, so a large number of people are mobilizing funds, and the subsequent funds are coming in in a constant flow, because mobilizing funds takes time.
EastBoat, bettor of the US presidential elections.
This comment reflects the mobilization of funds and the increase in bets on Trump, suggesting an investment strategy based on insider knowledge or campaign strategies that until now have not been completely visible to the general public.
Trump’s lead in Polymarket also indicates a change in sentiment among bettors, who have seen Musk’s alignment with Trump as a sign of strength and viability for the Republican candidate. This support has not only moved the betting odds, but has also vindicated Trump’s presence on the political landscape, especially in the context of his regaining the lead. after weeks in which Harris led the bets.
This article was created using artificial intelligence and edited by a human Editor.
