President Elon Musk? Polymarket Traders Can’t Stop Betting On It.

Barron’s reports that Polymarket’s prediction markets are seeing heavy activity around the 2028 U.S. presidential race, with event contracts tied to front‑runners JD Vance, Gavin Newsom and Marco Rubio drawing roughly $35 million of trading. Despite that volume, traders are disproportionately backing long shots — including figures barred by the Constitution from the presidency — and Polymarket has promoted live odds via a “Situation Room” in Washington, D.C. The piece highlights how speculative sentiment and large dollar volumes on decentralized prediction platforms are shaping politicized market activity, signaling heightened retail appetite for high‑odds outcomes and underscoring the growing influence of crypto‑enabled markets on political pricing and sentiment formation.