Trump Media Stock Surges Amid Rising Election Odds

Shares of Trump's media company have nearly tripled as betting markets favor his presidential bid, despite a close race with Kamala Harris.

Trump Media & Technology Group's stock has reached its highest level since July, driven by investor speculation on Trump's potential election victory.
Betting platforms like Polymarket and PredictIt show Trump's odds of winning the November election increasing, with some giving him a 64% chance.
Despite the stock surge, national polls indicate a tight race between Trump and Harris, particularly in key battleground states.
Trump's media company, which operates Truth Social, is valued at nearly $7 billion, though its revenue remains modest at $837,000 for the June quarter.
Elon Musk's public support for Trump and the launch of the Truth+ app on multiple platforms have contributed to the stock's recent gains.