Elon Musk's PAC Spending Millions Ahead of Midterms

The story so far

1 publisher has covered this in 1 article since 8 Oct 2026. WIRED published first, on 8 October at 21:14 UTC.

2 prediction markets price this story:

• Will Elon Musk win the 2028 Republican presidential nomination? — the market puts it at 0%, with $100 traded in the last 24 hours, closing 8 Nov 2028. The market resolves to Yes if Elon Musk wins and accepts the 2028 Republican presidential nomination, as confirmed by official party sources. It resolves to No in all other cases, including if he loses the nomination or if a different candidate replaces him before the election. Readers often mistake the resolution source for news reports rather than official Republican Party announcements.
• Will Elon Musk win the 2028 US Presidential Election? — the market puts it at 0%, with $7k traded in the last 24 hours, closing 8 Nov 2028. The Yes outcome occurs if Elon Musk wins the 2028 US Presidential Election as determined by the Associated Press, Fox News, and NBC calling the race for him. The No outcome applies if he does not win according to those sources or if another candidate is inaugurated on January 20, 2029. Readers often mistake the deadline for when the news outlets call the race rather than the inauguration date.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.