Trump Takes 2.2% Lead Over Harris on Polymarket, with Musk Calling It ‘More Accurate’ Than Polls

As the U.S. presidential election nears, Donald Trump has edged ahead of Vice President Kamala Harris on Polymarket, a decentralized prediction platform. With Elon Musk calling the betting odds more reliable than traditional polls, the race tightens as election day approaches.

Trump Leads Harris on Polymarket by 2.2%

Donald Trump has surged ahead in the betting markets, with Polymarket showing a 50.6% chance of him winning the 2024 election, compared to Kamala Harris' 48.4%. This prediction has fluctuated since President Joe Biden’s exit from the race in July, with Harris leading for much of September. However, Trump has gained momentum in October, overtaking Harris by 2.2%.

Musk Backs Polymarket’s Accuracy Over Traditional Polls

Tesla CEO Elon Musk weighed in on the betting results, tweeting that Trump’s 3% lead on Polymarket is “more accurate than polls” because “actual money is on the line.” This sentiment contrasts with traditional polls, such as the New York Times’ national polling average, which shows Harris leading by 49% to Trump’s 47%. Musk’s endorsement of Polymarket signals his growing confidence in Trump’s chances, especially as he made a rare public appearance at a Trump rally in Butler, Pennsylvania.

Musk Shows Public Support for Trump

Musk’s appearance at the Trump rally on Saturday marked a significant moment in the campaign. Sporting a “Make America Great Again” cap, Musk publicly voiced his support for Trump, calling him the only candidate capable of “preserving democracy in America.” His presence and endorsement have added to Trump’s growing popularity in certain circles, with some speculating that Musk’s influence could sway undecided voters.

Cryptocurrency Becomes a Hot Election Topic

Cryptocurrency has emerged as a central issue in the 2024 election, with Trump openly supporting crypto, NFTs, and decentralized finance (DeFi). In contrast, Harris, after weeks of silence, recently expressed her intention to encourage the growth of digital assets.

However, experts like Matt Hougan, CIO of Bitwise, believe Harris poses more uncertainty for the crypto industry. Hougan suggests that while crypto may benefit regardless of the election outcome, Trump’s more outspoken stance on digital currencies could give him an edge among crypto enthusiasts.

Conclusion: Betting Markets Versus Polls – Who Will Win?

As the November 5 election draws closer, the race between Trump and Harris remains too close to call. While traditional polls show Harris with a slight lead, Polymarket bettors are favoring Trump, with real money backing the prediction. Elon Musk’s vocal support for Trump has added a new dynamic to the race, particularly in the growing conversation around cryptocurrency. With less than a month to go, all eyes are on whether Polymarket’s prediction will prove more accurate than traditional polling methods.