Rate Cut Odds Rise To 81% As Cryptocurrency Bettors On Polymarket Weigh In Dovish Signals From Fed Officials

Cryptocurrency punters are leaning toward the possibility that the Federal Reserve will slash interest rates next month.

The Mood In Prediction Markets

The odds of a 25 basis point cut surged to 81% on the decentralized prediction platform Polymarket, up from 67% the day before and 44% the week before. The probability of a 50 bps cut, however, stood at a modest 2%.

On the other hand, the odds that rates will remain unchanged from the current 3.75%-4.00% range plunged from 30% to 18% in a span of 24 hours.

Over $159 million has been …

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