((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
November 5 – **Stocks of cryptocurrency-related companies Tesla TSLA.O, Trump Media DJT.O and other companies linked to growing bets on Republican Donald Trump's return to the White House on US election day
**Recent betting odds reflect Trump's victory predictions
** On the Predictit platform, contracts for a Trump victory traded at 58 cents, while Harris contracts traded at 48 cents. Polymarket gives Trump a 63% chance of winning and Harris 37%
** Trump Media & Technology Group DJT.O , which operates the Truth Social app, jumped 11.7% to $38.5. The stock has been popular with retail traders and seen as a proxy on Trump's election prospects
** Software developer Phunware PHUN.O , hired by Trump's 2020 re-election campaign to create a phone app, fell 0.5% to $6.87 and lags other Trump stocks following to the recent resignations of the general manager and the financial director
** Video-sharing platform Rumble RUM.O, in which Trump's running mate JD Vance invested, rose 0.3% to $5.79
** A trader confirmed that trades with Trump are behind Tesla's more than 3% gain; CEO Elon Musk publicly supported Trump
** Prison operators Geo Group GEO.N and CoreCivic
CXW.N up 6.4% and 4.7%, respectively; Trump promised crackdown on illegal immigration, which could boost demand for detention centers
** Trump's favorite bitcoin BTC= rose 3.5% to $69,348, helping lift cryptocurrency-related stocks such as MicroStrategy MSTR.O, Riot Platforms
RIOT.O
, MARA Holdings
MARA.O
.
