Jerome Powell To Step Down? X Abuzz With Rumors, But Polymarket Bettors Are Not Buying It
Posted On June 2, 2025
Bettors on Polymarket were not convinced about Jerome Powell’s exit as rumors circulated that the Federal Reserve Chair would step down on Monday.
What Happened: The odds for the betting contract titled “Will Trump remove Jerome Powell in 2025?” remained unchanged at 12%, despite strong speculation on X regarding his resignation.
According to the rules, the market will resolve to “Yes” if Powell ceases to be Fed Chair before Dec. 31. Over $838,000 has been wagered on this outcome as of this writing.
Note that Polymarket, which operates on the Polygon (CRYPTO: POL) blockchain, is unavailable to U.S. residents due to regulatory restrictions.
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