Betting markets are buzzing with speculation about Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk potentially joining the Trump Administration by the end of 2025.
As per data from Kalshi, traders are assigning an 8% probability to Musk formally aligning with the Trump Administration by 2025’s end. Polymarket bettors are slightly less bullish, estimating the odds at 7%.
Trending: Would You Have Invested in eBay or Uber Early? The Same Backers Are Betting on This Vacation Home Platform
Betting markets have emerged as popular platforms for gauging sentiment on potential political developments, and Musk’s potential association with the Trump Administration is the latest topic to stir interest among traders.
It’s crucial to note that these percentages are not definitive forecasts but rather mirror the current sentiment of traders and bettors in these markets.
On Sunday, Musk and Trump reunited at a memorial service for conservative political commentator Charlie Kirk at in Glendale, Arizona. Their interaction sparked speculation about a possible reconciliation.
However, Musk was notably absent from the guest list at a tech CEO and business leader event hosted by Trump at the newly renovated Rose Garden. This snub raised questions about the current relationship between Musk and the Trump administration.
See Also: Bezos’ Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom
Musk was also not present among the tech CEOs who joined Trump during his last week’s visit to the U.K. Among those present in the U.K. were Apple (NASDAQ:AAPL) CEO Tim Cook, Nvidia (NASDAQ:NVDA) CEO Jensen Huang, Microsoft (NASDAQ:MSFT) CEO Satya Nadella, OpenAI CEO Sam Altman and others.
Earlier in the month, Musk had expressed his disillusionment with the government, calling it “unfixable” and stating that he hadn’t been to Washington, D.C. since May. He referred to his time with the Trump administration as a “side quest.”
The evolving dynamics between Musk and the Trump administration could have significant implications for both the tech industry and government policies.
Read Next:
Image via Shutterstock
Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.
