{"id":88744,"date":"2024-12-22T23:10:13","date_gmt":"2024-12-22T23:10:13","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/12\/22\/elon-musk-for-house-speaker-odds-shorten\/"},"modified":"2024-12-22T23:10:13","modified_gmt":"2024-12-22T23:10:13","slug":"elon-musk-for-house-speaker-odds-shorten","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/12\/22\/elon-musk-for-house-speaker-odds-shorten\/","title":{"rendered":"Elon Musk for House Speaker? Odds Shorten"},"content":{"rendered":"


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\n Posted on: December 20, 2024, 04:26h.\u00a0\n <\/p>\n

\n Last updated on: December 20, 2024, 04:26h.\n <\/p>\n

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\n \"Avatar <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Elon Musk has never run for office but the world\u2019s richest man has become a focal point of the Republican Party and a major player on President-elect Donald Trump\u2019s transition<\/a> team.<\/span><\/p>\n

\"Elon
U.S. Rep. Rand Paul thinks Elon Musk is a formidable option to become the next Speaker of the House of Representatives. This image is what Grok turned out when prompted to create an image of Musk as House Speaker. (Image: Grok)<\/figcaption><\/figure>\n

Musk and fellow businessman Vivek Ramaswamy are currently spearheading DOGE, or the Department of Government Efficiency, a proposed presidential advisory commission focused on reducing government spending and waste. But a more important role within the Trump administration<\/a> could be forthcoming, whether it be a Cabinet position or even possibly becoming the next speaker of the United States House of Representatives.<\/span><\/p>\n

On Thursday, Rep. Rand Paul (R-KY) floated the idea of House GOP brass nominating Musk to the role of presiding officer of the lower congressional chamber.<\/span><\/p>\n

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The Speaker of the House need not be a member of Congress,\u201d Paul wrote on X. \u201cNothing would disrupt the swamp more than electing Elon Musk. Think about it\u2026 nothing\u2019s impossible.\u201d<\/span><\/p>\n<\/blockquote>\n

Paul added that making the billionaire the second in the line of presidential succession behind only Vice President JD Vance would additionally provide \u201cjoy\u201d to many Republicans while watching the \u201ccollective establishment, aka \u2018uniparty,\u2019 lose their ever-lovin\u2019 minds.\u201d<\/span><\/p>\n

\"Elon
(Image: X)<\/figcaption><\/figure>\n

Odds Shorten<\/b><\/span><\/h2>\n

On Kalshi, an online peer-to-peer wagering platform that offers political markets, Musk\u2019s<\/a> odds of succeeding House Speaker Mike Johnson (R-LA) have shortened since Paul\u2019s comments.<\/span><\/p>\n

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Bettors are trading shares of Musk<\/a> obtaining the gavel at implied odds of 5%. That\u2019s up 3% over the past 24 hours. Johnson remains the front-runner at implied odds of 57%, though his stock has dropped significantly \u2014 down 17% since yesterday \u2014 as Congress struggled to pass a spending bill to prevent a federal government shutdown.<\/span><\/p>\n<\/div>\n

Rep. Jim Jordan (R-OH) is second at implied odds of 17% and Rep. Steve Scalise (R-LA) is third at 12%. Rep. Tom Emmer (R-MN) is the only other member of Congress who currently has better odds than Musk of becoming speaker at 4%.<\/span><\/p>\n

Kalshi says more than $1 million on the House speaker outcome has been wagered.<\/span><\/p>\n

Polymarket, a similar exchange but one that only deals in cryptocurrency, has almost $21 million bet on its House speaker outcome. There\u2019s less enthusiasm there for Musk, as his shares are trading at just 2%. Johnson is the favorite at 61% followed by Jordan (13%), Scalise (12%), and Emmer (9%).<\/span><\/strong><\/p>\n

Though historically all House speakers have been elected members of Congress, the Constitution only requires that the speaker be chosen by the House of Representatives.<\/span><\/p>\n

Co-President Musk?<\/b><\/span><\/h2>\n

Musk\u2019s presence in Washington, D.C., and constant hovering around the incoming president has many Democrats on Capitol Hill upset. Liberal pundits and Democratic lawmakers have labeled Musk as Trump\u2019s \u201cshadow president\u201d and \u201cco-president.\u201d<\/span><\/p>\n

On X, Rep. Zoe Lofgren (D-CA) shared an AI-generated image depicting Musk operating Trump<\/a> as a puppet. Rep. Maxwell Frost (D-FL) wrote that an \u201cunelected billionaire\u201d has been \u201ccrowned co-president by the Republican Party.\u201d<\/span><\/p>\n

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[Republicans] have given him so much influence over every decision they make,\u201d Frost told The Washington Post<\/i>. \u201cEither they\u2019re scared or they\u2019ve bowed down and pledged allegiance to the richest man on Earth.\u201d<\/span><\/p>\n<\/blockquote>\n

In October, Musk said he was \u201clooking for feedback\u201d regarding DOGE and what should be cut from the federal government.<\/span><\/p>\n

\u201cI want to know what the people want and what we should do,\u201d Musk said in Pittsburgh. \u201cAs opposed to me just deciding on my own.\u201d<\/span><\/p>\n<\/div>\n


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