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On Polymarket, the probability of “the Fed chair will be confirmed before May 15” has risen to 85%, with a short-term increase of 211%.
Odaily Seer Prophet Channel monitoring shows that on Polymarket, the probability that “Wosh will be confirmed as the Federal Reserve Chair before May 15” has risen from 27% to 85%, surging by 211% in the short term.
The reason is that the U.S. Department of Justice is expected to drop the criminal investigation into Federal Reserve Chair Jerome Powell. Previously, Thom Tillis, a member of the Senate Banking Committee, said that if Trump does not drop the criminal investigation into the current Fed Chair Jerome Powell, he would block Wosh’s nomination as Fed Chair from moving forward to a full Senate vote.
With the current news that the Department of Justice will drop the criminal investigation into Powell, the market expects Wosh to have an extremely high chance of being confirmed as the Federal Reserve Chair by the Senate before Powell’s term ends (May 15).
Odaily Seer Prophet Channel continues to monitor prediction markets, and sees the changes before pricing.