Elon Musk shares betting data on 2024 U.S. election: 'It must reach 69%,' he says as Trump leads at 60%

Tesla CEO and billionaire Elon Musk, who has been vocal in his support for Republican candidate Donald Trump in the U.S. presidential race, recently shared a report on X (formerly Twitter). The report, sourced from a well-known prediction market platform, shows that over 60% of participants are betting on Trump's victory, while less than 40% are placing their bets on Kamala Harris.

Check out his post below:

It must reach 69%, as foretold in the prophecy https://t.co/oR8p1ZiRha

¡ª Elon Musk (@elonmusk) October 22, 2024

Musk wrote in the post, "It must reach 69%, as foretold in the prophecy."

Polymarket is a prominent prediction market platform where users can bet on outcomes of various events, including the 2024 U.S. presidential election.

On the platform, participants trade shares based on who they believe will win, with market prices reflecting the probability of each candidate's chances according to user predictions.

The platform uses real-time trading to gauge public sentiment and predict electoral outcomes, updating its odds frequently as new information emerges.

Polymarket's forecasts are seen as one of the largest prediction pools for the election, and they are used to track shifts in voter expectations and political events.

Currently, the 2024 election forecast on Polymarket, which Musk had shared, shows Trump at 64.6% while Kamala Harris is at 35.4%.

Additionally, in all the swing states of Arizona, Georgia, Pennsylvania, Nevada, Wisconsin, and Michigan, Trump has a lead.

Swing states, also known as battleground states or purple states, are U.S. states where the outcome of a presidential election is highly uncertain. Unlike "safe" states that consistently vote for one political party (Republican or Democrat), swing states have a history of alternating between parties in different election cycles.

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