Elon Musk endorsed Polymarket during the 2024 U.S. presidential election, describing it as a more accurate forecasting tool than traditional polls due to its financial incentives.

Quotes that support claims

“Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line,” Musk posted at the time.

In October 2024, ahead of the November election, Musk publicly advocated for Polymarket as a better election forecaster. He posted his argument on X, noting that the crypto-based prediction market would best predict the outcome of the U.S. presidential contest compared to traditional polls.