Tech billionaire Elon Musk said in his post on platform X that he believes the cryptocurrency prediction platform Polymarket is a more accurate tool for predicting the outcome of the next U.S. presidential election than traditional polling methods.
Musk emphasized that prediction markets, where people risk their money, can provide more accurate forecasts of events than regular polls. In his tweet on October 6, he pointed to Polymarket data showing Donald Trump leading Democratic candidate Kamala Harris by 3%.
Polymarket is a decentralized prediction market where users place bets in USDC on the outcome of various events.