According to BlockBeats, recent data from Polymarket indicates a 42% probability that Elon Musk will establish a new political party by the end of the year. Meanwhile, Kalshi reports a 35% chance of Musk creating a new party within the year.
On July 1, Musk stated that he would form a new American political party the day after the 'Beautiful Bill' is passed. This morning, U.S. President Donald Trump's 'Beautiful Bill' was approved by the House of Representatives and is set to be signed at 5 a.m. on Saturday.
Additionally, Musk conducted a poll on social media on June 6, asking whether it was time to create a new political party in the U.S. that truly represents the middle 80% of the population. The poll garnered participation from 5,630,775 users, with 80.4% expressing support for the idea.