The latest data from Polymarket is pretty interesting—bets on a 25 basis point Fed rate cut in December have surged to a 94% probability, while the chance of rates staying unchanged? Only 6% of people are still holding on. Even more outrageous, some are actually betting on a 50 basis point cut. The odds are just 1%, but that’s quite the wild imagination.
The trading volume for this prediction event says it all: $260 million. The market is voting with real money, basically treating the rate cut as a done deal. Will Powell stick to the script? We’ll find out at the end of the month. Right now, the level of activity on on-chain prediction markets is, in some ways, even more exciting than reports from traditional financial analysts.
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Prediction Markets Bet on Fed Rate Cuts: The Market Consensus Behind $260 Million in Trading Volume
[Bitpush] The prediction market is buzzing again.
The latest data from Polymarket is pretty interesting—bets on a 25 basis point Fed rate cut in December have surged to a 94% probability, while the chance of rates staying unchanged? Only 6% of people are still holding on. Even more outrageous, some are actually betting on a 50 basis point cut. The odds are just 1%, but that’s quite the wild imagination.
The trading volume for this prediction event says it all: $260 million. The market is voting with real money, basically treating the rate cut as a done deal. Will Powell stick to the script? We’ll find out at the end of the month. Right now, the level of activity on on-chain prediction markets is, in some ways, even more exciting than reports from traditional financial analysts.