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

Donald Trump Elon Musk US Election
Last week, Harris was leading Trump by a narrow 1% margin
Last updated:
Author
Sujha Sundararajan
Author Categories
About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

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%.

Source: Polymarket

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.

More Articles

Ethereum News
Industry Leaders Propose Ethereum’s First Threshold-Encrypted Mempool
Sead Fadilpašić
Sead Fadilpašić
2025-02-11 15:09:58
Bitcoin News
Ex-German Finance Minister Considers Bitcoin in State Reserves and Private Pensions
Veronika Rinecker
Veronika Rinecker
2025-02-11 12:31:54
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors