**Trump Gains Lead Over Harris in Betting Odds As Influential Figures Showcase Support**

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ICARO Media Group
Politics
12/10/2024 21h36

**Trump Surpasses Harris in Betting Odds Amid Surge in Support**

Former President Donald Trump has overtaken Vice President Kamala Harris in betting odds for the upcoming presidential election, a development he has promoted as indicative of growing momentum for his campaign. Trump highlighted the favorable betting odds from Polymarket on his Truth Social account this Thursday, a familiar move as he has previously showcased national polls and projections sharing similar trends.

Elon Musk, a billionaire and known supporter of Trump, has also joined in on the narrative, sharing Polymarket betting figures that favored Trump. Musk has asserted that betting markets provide a more reliable forecast than polls since they involve actual monetary stakes, although he hasn't presented evidence to support this claim. Notably, Musk pointed out that Trump's improved odds in Pennsylvania occurred shortly after Musk attended the former president's rally in the state.

While Musk and Trump emphasize these betting trends, some social media users have noted that the influx of bets favoring Trump on Polymarket includes significant contributions from so-called "whales"—bettors with substantial financial influence. One such bettor, identified as "Fredi9999," has reportedly staked nearly $8 million on a Trump victory.

Despite the movement in betting markets, national polls still show Kamala Harris ahead of Trump by a margin of 2.4%, according to FiveThirtyEight's weighted average. Polling analyst Nate Silver commented on the situation, noting that market sentiment can often be driven by influential individuals rather than concrete evidence. He suggested that a tweet from someone like Elon Musk can create the illusion of informed insight, even when it might simply be a case of "a Rich Guy With Opinions."

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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