Trump-Linked Stocks Jump Again on Bets Trump Will Win US Election

Tiger Newspress

2024-10-25

Trump-linked stocks jumped again as investors bet on former President Donald Trump's improved odds of winning the November election in less than two weeks.

Prediction sites like Polymarket, PredictIt, and Kalshi all showed Trump's presidential chances ahead of those of Democratic nominee and current Vice President Kamala Harris.

Trump Media & Technology shares jumped 8% in morning trading.

Other Trump-related stocks moved in tandem with DJT, with mobile-advertising software company Phunware, which has ties to the former president, jumping 20% after sinking above 40% the previous session.

Conservative-leaning video platform Rumble gained 2%. While Remark Holdings rose 4%.

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