As the 2024 U.S. presidential race narrows to Donald Trump and Kamala Harris, Elon Musk has endorsed Trump and highlighted Polymarket as a more accurate predictor than traditional polls. Musk argues that the Polymarket reflects real public sentiment through monetary stakes.
The Republican Party’s Donald Trump and Kamala Harris, who succeeded Biden after his resignation, are the only two main candidates in the race to become the next president of the United States. Various polls have been employed to illustrate the probable victor of the 2024 general elections.
Nevertheless, Elon Musk, a tech magnate who has publicly endorsed Trump for the presidential election, has observed that Polymarket, a decentralized prediction market platform, is significantly more precise than conventional polls. Additionally, Musk thinks that Polymarket represents the interests of the public by putting actual money at risk.
At the time of this report, Trump has maintained a 3 percent advantage over Kamala on the Polymarket platform. Trump’s volume on Polymarket exceeded $311 million, while Kamala’s volume was approximately $256 million.
Musk Dedicated to Trump’s Victory
Musk has utilized his influence to mobilize electors from the swing states following his public endorsement of Trump as the next president of the United States.
Musk confirmed earlier today that his America PAC will provide $47 to each registered voter in the battleground states if they refer another registered voter to sign a petition supporting the right to bear firearms and free speech.
“Goal is to get 1M voters in swing states to show support for free speech & right to bear arms,”
Elon Musk noted
A Broader Perspective
The crypto issue is anticipated to be a critical factor in the forthcoming U.S. general election, as over 50 million registered American electors are invested in the digital space.
Critics have criticized the Biden administration’s enforcement-based regulation of the crypto space through the US Securities and Exchange Commission.
For example, the United States Securities and Exchange Commission (SEC) has issued an apology in a court of law for its arbitrary use of the term “crypto securities.” Nevertheless, the US Securities and Exchange Commission (SEC) continues to pursue crypto companies, including Ripple Labs, for purportedly offering unregistered securities.
Trump has pledged to support the crypto sector by appointing a crypto committee in his administration and terminating Chair Gary Gensler as a first step. In addition, if he is elected later this year, Trump has pledged to commute Ross Ulbricht’s double-life sentence.
