US Presidential Election: Donald Trump and Kamala Harris Enter Final Days, Tesla Billionaire Elon Musk Warns of “Financial Emergency”
As the US presidential election enters its final days, Donald Trump’s odds of victory have taken a dramatic turn. The billionaire entrepreneur, who recently declared himself the “crypto president,” saw his chances surge through October but plummeted in recent days.
According to Polymarket prediction platform, which uses the USDC dollar-pegged stablecoin for trading, Trump’s odds of winning the White House dropped from 67% to around 54%. Meanwhile, Kamala Harris’ odds have increased from 33% to 45%.
Tesla billionaire Elon Musk has warned of a “financial emergency” ahead of the election, which may be contributing to the shift in voter sentiment. However, some users are betting on Trump’s victory despite the warning.
One France-based Polymarket user has placed a massive $30 million bet on Trump winning the 2024 US presidential election. While this bet is not intended to influence the outcome, it reflects the growing interest in Polymarket and the platform’s popularity among crypto enthusiasts.
The platform has seen significant interest since its launch, with users betting heavily on president Joe Biden dropping out of the race in early July. The surge in popularity is driven by the success of using Polymarket for predicting election outcomes.
In contrast, Kalshi prediction platform shows a more balanced odds between Trump and Harris, with Trump’s chances at 52% and Harris’ at 48%. This reflects the gap narrowing as users begin to panic about the Federal Reserve and other economic concerns.
Source: https://www.forbes.com/sites/digital-assets/2024/11/03/donald-trumps-odds-of-election-victory-have-suddenly-gone-into-free-fall