Betting Markets Indicate No Musk Takeover and Falling Twitter Stock
Elon Musk taking over Twitter seems like a 50-50 proposition at this point, but the people who crunch numbers for a living are giving it even less of a chance.
SportsBetting.ag, which specializes in a wide array of online wagering markets, has created two prop bets surrounding the tumultuous Twitter Elon Musk takeover matter.
The odds, which show Musk as a slight underdog, imply a 58.3% probability that the tech mogul WILL NOT acquire Twitter before the end of the year.
Additionally, Twitter's current share price is hovering around 38 USD. The oddsmakers are projecting another dollar-and-a-half drop by the end of the month.
Elon Musk betting markets have become especially popular in recent weeks as the world's wealthiest man continues to dominate the headlines.
Will Elon Musk acquire Twitter before January 1, 2023?
Yes +100
No -140
Twitter share price (dollars) on May 31, 2021
Over 36.5 (USD)
Under 36.5 (USD)
- Aaron Goldstein, Gambling911.com
