The odds of the U.S. entering a recession in 2025 have plummeted sharply on prediction platforms, aided by a de-escalation in the U.S.-China trade conflict.
What happened: Wagers in favor of a contract titled “US recession in 2025?” dropped from a peak of 66% in early April to 39% currently on Polymarket, a Polygon (CRYPTO: POL)-based platform that allows users to bet using cryptocurrencies.
As of this writing, bookmakers have invested about $5.5 million on the bet. To resolve the outcome to “Yes,” the economy must record another quarter of negative growth or the …