ormer president of the USA is back in the lead over Kamala Harris for the upcoming 2024 presidential election. Predictive market platforms show a significant rise in the odds for Donald Trump to win the election.
Betting Market Trends
Polymarket, a predictive market platform is currently showing that Donal Trump is back in the lead over Kamala with odds of approximately 54% and 46% respectively. There is currently more than $1.4 billion dollars allocated on the outcomes.
Musk's Endorsement
It is Said that Elon Musk endorsing Trump and attending the Recent rally, could have played a major role on the increasing odds of Trump wining. Moreover Musk mentioned on X that the odds of predictive markets should be taken very seriously as money is involved and is not only an opinion.
Bitcoin Implications
Many analyst see Trump wining the election as a very positive catalyst for BTC. With Analysts forecasting Bitcoin could range between $30,000 and $125,000 depending on the outcome of the elections.
Betting Markets: Insight vs Caution
Although Betting markets is a reliable indicator as money is involved and is not a Meer opinion, political experts are carreful about relying too heavvily on the predictions made by predictive markets such as poly market, given that there is the possibility of late changes in public opinion.
