Over the past week, Harris has held a narrow 1% lead over Trump.

Polymarket users are favoring Donald Trump to win the presidential election, giving him a 2.7% lead over current Vice President Kamala Harris, according to the site. The lead comes after billionaire Elon Musk attended a Trump campaign event in Pennsylvania; according to the decentralized betting platform, Trump has a 51.0% chance of winning the upcoming US presidential election, followed by Harris at 48.3%.

Elon Musk’s public endorsement boosts Trump’s chances

Trump’s lead came after Musk encouraged his supporters to back the former president during a campaign event last Saturday, calling the upcoming election “the most important in the history of the country.” Musk also criticized Democrats for allegedly threatening constitutional rights; the billionaire’s support has helped Trump’s base grow.

Musk also noted that polls from the betting site Polymarket are “more accurate” than traditional polls, saying: “Trump is currently leading Kamala by 3% according to the betting markets, which are more accurate than traditional polls because there is more money at stake.”