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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