Elon Musk Rallies Hard for Trump as PHUN Soars 400% in a Month

As the U.S. presidential election heats up, the blockchain betting platform Polymarket has seen over $2.3 billion in wagers, with 64.1% of bets backing a Trump victory.

Polls: Harris maintains a slight lead, but the gap with Trump is gradually narrowing.

Betting Markets: Trump is leading by a wide margin, and the gap is widening further.

While Trump is closing the gap with Harris in polling data, he is significantly ahead in betting markets.

From October 11 to date, DJT has gained 42%, while PHUN has surged 290%.

PHUN’s connection to Trump primarily stems from its involvement in developing and managing the Trump 2020 campaign app. PHUN's platform was utilized to support the Trump-Pence campaign's digital strategy, including voter engagement, content distribution, and communication.

Elon Musk Rallies for Trump:

Musk has argued that betting markets are more meaningful indicators of the election outcome.

Besides continuously promoting Trump, Musk has spent heavily: On October 19, he announced that he would randomly give $1 million daily to one Pennsylvania voter who signs a petition for the “America Political Action Committee” (America PAC) until Election Day (November 5).

Performance of Trump-Related Stocks: Both DJT and PHUN have seen significant gains recently, with cumulative increases of nearly 200% and 400% from their lows, respectively.