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Donald Trump's chances of winning the upcoming election have increased to 53% on Pollymarket, surpassing Kamala Harris' 46% after her brief lead in August.

A PollyMarket poll showed that there is an 18% chance that Trump will nominate Elon Musk for a cabinet post if he wins the election. According to the platform, which has over $803 million in assets, Trump now has a 53% chance of winning this election, compared to Harris' 46%. The change comes after a brief surge by Harris last August, when her chances rose to over 55% to make her the favorite; however, her lead has since faded as Donald Trump's chances have gradually recovered.

Trump was at the height of his campaign in July, when the former president's chances of winning were 71%. Donald Trump's chances dropped further to 44% in August; however, when President Joe Biden announced he would not run for reelection, it strengthened Harris' position as a candidate. However, over time, Trump gained ground as Harris' support among punters declined.