Summary
- Polymarket reported that Kevin Hassett's probability of being named the next Fed chair surged to 78%.
- It said that when President Trump said he would announce the Fed chair appointment soon, bets in the prediction market quickly poured in.
- Hassett has raised expectations in the finance and crypto industries for deregulation and pro-market policies, and said he would accept an offer to serve as Fed chair.
On Polymarket, a decentralized prediction market, Kevin Hassett (Kevin Hassett)'s probability of being nominated as the next chair of the Federal Reserve Board (Fed) has approached 80%.
On the 2nd (local time), according to Bitcoin Magazine, Hassett's probability of being nominated as Fed chair rose to 78%. The previous day, President Trump said, "I've already decided who to appoint as Fed chair" and "I'll announce it soon," prompting a rapid rush of related bets in the prediction market.
Meanwhile, Hassett, a former chair of the White House Council of Economic Advisers and a close ally of U.S. President Donald Trump, has drawn expectations from the finance and crypto (cryptocurrency) industries for his history of advocating deregulation and pro-market policies. Earlier, he told Fox News in an interview, "If offered the Fed chair position, I would accept it."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
