Polymarket bettors see Lutnick as Treasury Secretary favorite after Musk endorsement

The odds of Cantor Fitzgerald CEO Howard Lutnick becoming Trump’s pick for Treasury Secretary have increased on Polymarket following Elon Musk’s endorsement, placing him slightly ahead of hedge fund manager Scott Bessent, seen as the other current favorite. While Bessent’s views on crypto are largely unclear, Lutnick is a vocal proponent of Bitcoin and other cryptocurrencies. Many top crypto executives have privately lobbied Trump to appoint Lutnick, according to a New York Times report.