The odds of Donald Trump winning the November election and Elon Musk running for his cabinet have risen on Polymarket.
A Polymarket Survey With more than $803 million in assets, Donald Trump has a 53% chance of winning, compared to Harris’s 46%. Harris had been leading Trump for a while in August as enthusiasm for her campaign grew.
Another poll conducted by Polymarket, with $77,000 in assetsA Business Insider poll predicted that Trump would win and nominate Musk to lead his government. The odds rose to 18% on September 5, up from 12% the day before. The poll would be considered accurate if Trump wins and appoints Musk to lead one of the 15 executive departments or a Cabinet-level position.
According to the poll’s authors, advisory roles will not count as cabinet-level appointments.
These possibilities jumped after Wall Street Journal Trump is reportedly considering appointing Musk to lead a government efficiency commission, which would review the federal government to identify waste, reduce fraud and prevent improper payments.
Elon Musk has become an outspoken Trump supporter. Donated to his campaignAlthough the billionaires differ on some policies, they agree on key issues such as regulation and immigration.
Musk has been open to taking on some government positions. But what’s not clear is whether he would agree to step down from his many ventures, like SpaceX, Tesla and X, that are regulated by the federal government.
Mixed symbols bearing the Trump and Musk logo
Cryptocurrencies bearing the logos of Donald Trump and Elon Musk were mixed after the Wall Street Journal report. Elon’s coin (ELON), valued at more than $2.7 million, rose 9.4%, while MAGA (MAGA) rose 2.3%. MAGA (TRUMP), the largest Trump-branded coin, is down more than 17.5% in the past seven days.
On the stock market, Tesla shares jumped more than 4.8%, extending a recent rally that has pushed its market value to more than $733 billion. Trump Media & Technology shares were little changed, down more than 36% in the past month.
Bitcoin (BTC) and other cryptocurrencies also fell after the report. Bitcoin settled below $57,000, while Ethereum (ETH) fell below $2,400. Trump is seen as a more favorable candidate for the industry.
However, historically, cryptocurrencies have been successful regardless of who was in the White House. Bitcoin surged to an all-time high of $1,166 under Barack Obama, $35,000 under Trump, and $73,800 under Biden.
Kamala Harris leads most polls
It is still unclear whether Donald Trump will win the election, especially because of independent voters.
recently mainstream opinion polls Harris has sent mixed signals. She leads Trump by six points in an Outward Intelligence poll, by four points in an Emerson College poll and by two points in a YouGov poll.
Harris also leads the fundraising charts, having raised $300 million in August, compared to $130 million for Trump. That funding suggests she still has momentum two months before the election.
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