Trump extends lead on Polymarket after pivotal speech with Elon Musk

Republican presidential candidate Donald Trump expanded his lead over Democratic presidential candidate Kamala Harris at Polymarket after a powerful speech with billionaire Tesla CEO Elon Musk.

According to data provided by Polymarket, Trump is leading with a 50.8% chance of winning the upcoming US election. The odds of Harris becoming the next US president are currently 48.4%.

The total amount of bets placed on the winner of November’s presidential election on the market prediction platform reached $1.35 billion. Trump tops the list with $318 million in volume, followed by Harris with $258 million.

In his speech in Butler, Pennsylvania, on October 5, Trump once again hinted that Silk Road founder Ross Ulbricht would be released from prison. However, neither Trump nor Musk made any direct claims regarding the crypto industry.

Musk has strongly and repeatedly urged everyone to vote in the November election, claiming that “if you don’t, this will be the last election.”

According to Crypto.news on October 5, venture capitalist Ben Horowitz, who previously supported Trump before President Joe Biden left the race, shifted his focus to Harris.

Horowitz said he will make a “significant” donation to Harris’ presidential campaign and is hopeful that Harris’ tech policies will help industries like crypto and artificial intelligence.

The crypto market witnessed a strong bullish momentum following Trump and Musk’s speech over the weekend. According to data from CoinGecko, the global crypto market value increased by 1.7% in the last 24 hours and currently stands at $2.31 trillion.