Peter Thiel has said that the 2024 election won't be close: "One side is simply going to collapse"

Peter Thiel, the conservative tech billionaire known for his contrarian viewpoints, has made another bold prediction: the 2024 election will not be close.

Speaking at the All-In Summit earlier this month, Thiel acknowledged that the current race between former President Donald Trump and Vice President Kamala Harris is "basically 50-50," though he leaned towards Trump being the favorite. However, he argued that the tight margins of the past two elections were historical outliers.

"My contrarian view on the election is that it won't be close. Most presidential elections aren’t," Thiel said. "2016 and 2020 were extremely close, but two-thirds of elections are not."

Without delving too much into specifics, Thiel predicted that either the "Kamala bubble will burst" or "Trump’s base could become demotivated and fail to turn out."

"One side is just going to collapse in the next two months," he added.

Thiel’s prediction happens to align with his personal interests. After spending significantly to support Trump in 2016 and investing millions in key 2022 Senate races for JD Vance in Ohio and Blake Masters in Arizona, Thiel has stepped back from political donations. Despite pressure from GOP vice-presidential nominee JD Vance to reengage, Thiel has maintained his stance, claiming that political spending has minimal impact, especially in what he predicts will be a landslide election.

"If it's not close, money won't make a difference," Thiel said at the summit.

"I'm still very much pro-Trump, pro-JD," Thiel continued. "I've just decided not to donate money politically, but I’m supporting them in every other way I can."

Thiel also made a controversial claim that if the election is close, Harris and the Democrats would resort to "cheating" through ballot harvesting and changes to election rules.

The Harris campaign did not immediately respond to requests for comment.

When asked how he would reform the U.S. electoral process, Thiel expressed support for limiting voting to a single day, reducing absentee ballots, and enforcing stricter voter-ID laws.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.