Elon Musk says yes to impeaching Trump — and now 2025 odds are soaring on crypto betting markets

A political showdown between two of the most powerful figures in the United States, Tesla CEO Elon Musk and US presidentDonald Trump, is now making waves not just in news headlines or social media but also on crypto-based betting platforms, as per a report.

Donald Trump Impeachment Odds Jump After Elon Musk’s Comments

On the decentralised prediction site Polymarket, the odds that Trump will be impeached in 2025 jumped after Musk publicly supported the idea of removing the US president from office and suggested that Vice President JD Vance should take his place, according to Benzinga.

As of June 11, the odds on the Polymarket contract titled "Will Trump be impeached in 2025?" had risen to 10%, up from 8% just last week, as per the report. The market had previously peaked at 14% in mid-April before interest cooled, until Musk reignited the conversation, according to Benzinga.


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Musk–Trump Clash

Musk’s support for impeaching Trump came amid a growing feud between him and the US president. The clash between them began after Musk criticised Trump’s "big, beautiful bill," which surprised and disappointed Trump, as per the report. Then the fight escalated further with Musk accusing the Trump administration of withholding documents related to Jeffrey Epstein, and Trump fired back by calling Musk "crazy" and threatening to cancel federal contracts and subsidies that benefit Musk’s companies, Benzinga reported.

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How Impeachment Works

According to the report, over $819,000 has been wagered on the outcome. Benzinga pointed out that, "The market will vote “Yes” if the House of Representatives votes by a simple majority to adopt or pass one or more articles of impeachment against Trump."

Benzinga also wrote, "The House has the sole power to initiate the impeachment. The Senate then has the sole power to hold a trial and decide whether to convict or acquit the president."

FAQs

Why are people betting on Trump getting impeached again?
Because Elon Musk recently said he supports it, and that caused a spike in interest on crypto betting platforms like Polymarket.

Is this a real vote or just a betting game?
It’s a prediction market, people are betting with crypto, but the result is tied to actual events in US politics.