Trump Leads Harris on Polymarket by 2.7% Following Elon Musk Rally

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Sujha Sundararajan

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Sujha Sundararajan

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Last updated:

October 7, 2024 10:06 EDT

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Donald Trump has gained 2.7% on Polymarket in the presidential race against current Vice President Kamala Harris. 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

The uptrend comes as Elon Musk urged supporters to back Trump during the Saturday rally. He emphasised that upcoming elections are “the most important election of our lifetime.” Musk also criticised Democrats, claiming that they threaten constitutional rights. Elon Musk’s endorsement has led to a surge in Trump’s supporter base.

Furthermore, Elon Musk also commented on the Polymarket trend, which is “more accurate” than traditional election voting.

“Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”

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%.

When Musk asked the rally who should be the next American President, everyone shouted Trump.

Meanwhile, Trump stressed that his commitment to making America great again has grown since surviving an assassination attempt in Butler. He claimed the Democratic Party sought to undermine American values.

The rally, which saw tens and thousands of supporters, echoed Donald Trump’s post-shooting sentiments from July, chanting “Fight, Fight, Fight.”

Additionally, Trump once again hinted at releasing Silk Road founder Ross Ulbricht, however, neither Trump nor Elon Musk made direct comments on the crypto industry.