{"id":27837,"date":"2026-01-25T18:07:39","date_gmt":"2026-01-25T18:07:39","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2026\/01\/25\/never-bet-against-elon-musk-online-bettors-are-doing-just-that-and-making-millions-tech-news\/"},"modified":"2026-01-25T18:07:39","modified_gmt":"2026-01-25T18:07:39","slug":"never-bet-against-elon-musk-online-bettors-are-doing-just-that-and-making-millions-tech-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2026\/01\/25\/never-bet-against-elon-musk-online-bettors-are-doing-just-that-and-making-millions-tech-news\/","title":{"rendered":"Never Bet Against Elon Musk? Online Bettors Are Doing Just That And Making Millions | Tech News"},"content":{"rendered":"


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Users are betting against Musk\u2019s high-profile plans, including launching a robotaxi service in California and forming a third political party in the US.<\/h2>\n
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CEO of SpaceX and Tesla Elon Musk. (AFP photo)\n<\/p>\n<\/figure>\n<\/div>\n

Some online bettors are making tens of thousands of dollars \u2014 and in some cases millions \u2014 by wagering that Tesla and SpaceX CEO Elon Musk will fail to deliver on his ambitious promises.<\/p>\n

According to a report by NBC News<\/em>, on prediction market platforms like Kalshi and Polymarket, users are betting against Musk\u2019s high-profile plans, including launching a robotaxi service in California and forming a third political party in the United States.<\/p>\n

Despite his reputation for bold achievements, such as reusable rockets and Tesla\u2019s meteoric rise, Musk\u2019s track record on timelines and follow-through has been uneven, giving bettors opportunities to profit.<\/p>\n

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Trader earned $108,000 in one month betting on Elon Musk\u2019s tweets on PolymarketHe made 1,163 predictions and earned $267,000 in all time<\/p>\n

He is a real expert in predicting Musk\u2019s tweets<\/p>\n

Most successful bets:<\/p>\n

\u2013 $232 -> $12k\u2013 $1259 -> $6.9k\u2013 $11.1k -> $72k\u2013 $28k -> $118k<\/p>\n

He\u2026 pic.twitter.com\/W0rhmbMLTV<\/a><\/p>\n

\u2014 mahera (@mahera777) January 9, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n

David Bensoussan, a top-ranked Polymarket user, has turned nearly $10,000 into a tidy return by wagering that Musk would not launch a political party last year. He also successfully bet against Musk buying the cable channel MSNBC<\/em>, leaving his White House role, and meeting deadlines for Tesla\u2019s \u201cFull Self-Driving” software.<\/p>\n

Bensoussan has made over $36,000 on Musk-related bets alone and around $1.4 million in total profits on Polymarket.<\/p>\n

\u201cHe has a habit of exaggerating timelines, and of saying he\u2019s going to do these amazing things and attaching more immediacy than what his intent may necessarily be,” Bensoussan told NBC News.<\/p>\n

Musk\u2019s own fan base, by contrast, often follows the saying: \u201cNever bet against Elon.” Despite this, his public statements and ambitious targets have become a hotbed for prediction markets, which have surged in popularity since 2024 after a federal appeals court cleared the way for event-based contracts, including election outcomes.<\/p>\n

Musk appears amused by the phenomenon. He frequently posts about prediction markets on X, and his AI company, xAI, has integrations with both Kalshi and Polymarket.<\/p>\n

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Trader earned $30,000 in three months by betting only on Elon Musk.He placed a total of 1,470 predictions on the Polymarket platform.<\/p>\n

The last prediction earned him $2,700 with a $100 bet.<\/p>\n

His strategy is extremely simple:<\/p>\n

\u2192 He usually places bets of less than 10 cents long\u2026 pic.twitter.com\/3oUOjPTkgS<\/a><\/p>\n

\u2014 klu4ik (@klu4ik) January 18, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n

At any given time, dozens of markets focus on Musk \u2014 from Tesla product launches to how often he tweets or whether he will buy a major sports team.<\/p>\n

Economics experts see the growing trend as a reality check on Musk\u2019s ambitious claims.<\/p>\n

\u201cWhat these markets potentially bring to the table is a pretty good disciplining device to people making claims,” said Koleman Strumpf, an economics professor at Wake Forest University.<\/p>\n

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