Political Gambling: Sportsbooks Predict the Odds of Trump-Musk Conflict
In a surprising turn of events, the relationship between tech mogul Elon Musk and former President Donald Trump has taken an unexpected turn. The feud between the two began due to Musk's criticism of Trump's "Big, Beautiful Bill."
The fallout has had a significant impact on the stock market, particularly on Tesla. Amidst the ongoing feud and insults, Tesla's stock has been tanking, with the company losing a staggering $150 billion in market value. At Thursday's close, Tesla's stock price was $284.70 per share, down from the mid-330s during Wednesday's trading session.
The feud has also sparked interest in political sportsbooks, with a variety of prop markets being offered on the Trump-Musk feud. One such market is what happens first. For instance, there are odds on whether Musk will endorse Democrats (+1000), be indicted (+2500), or even challenge Trump to a fight (+3300).
Trump has not held back, posting a fake AI image of Musk, with odds of +110. He has also accused Musk of drug use, with odds of +150. As for Trump's nickname for Musk, there are several options in the betting markets. "Impulsive" is listed with odds of 1200, while "Autism/Autistic or Weird/Weirdo" and "Ego/Egocentric or Mad" are listed with odds of 1000 and 600 respectively. Other options include "Oddball" with odds of 700 and "Addict/Addicted" with odds of 800.
Interestingly, Junkie is listed for Trump's nickname for Musk with odds of 2500. However, it's important to note that there are no credible sources or weather markets offering official nicknames for either Musk or Trump.
In response to the feud, Musk announced that SpaceX would begin decommissioning its Dragon spacecraft. This decision could have significant implications for the future of space travel.
The real chaos and action in the betting markets are in the prop markets. BetOnline is listing Tesla's stock price at the end of June as a toss-up, with an over/under set at $250.50 and -115 odds on both sides.
Musk's aggressive pushback has also ignited speculation that he may fund a political challenger. Longshot bets include the termination of Dogecoin, with odds of +425, and Melania Trump going to work for Musk, listed at +10000 odds.
This unusual feud between two high-profile figures continues to captivate the public and the betting markets, with the outcome yet to be seen.
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