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📰Market Update
Is the Market Wrong?
The Federal Reserve made it clear that an interest rate cut is coming. But the market isn’t sure how big the interest rate cut will be.
The market is more confident in a smaller cut, but two major banks today projected that the Federal Reserve will cut rates by a larger amount.
The most interesting prediction market bet for the next 2 weeks -
Fed Interest Rate cuts in September.
Notably 2 banks today, CITI and Deutsche, laid out the path for the Fed to cut 50 bps.
Historically, 4 of the 7 first rate cuts (after a pivot from raising) were 50 bps.
But… x.com/i/web/status/1…
— TylerD 🧙♂️ (@Tyler_Did_It)
6:43 PM • Sep 3, 2024
This presents a huge opportunity for us Predictors - for those of us that correctly predict a larger interest rate cut, a potential 400% return awaits.
You can get in on this trade - predict the Federal Reserve’s next move and you could win big. Join Kalshi, the only legal prediction market in the US:
2️⃣Make your prediction.
3️⃣Purchase 100 contracts (only $25) and instantly receive a free $25 bonus just for making a prediction.
Three of Polymarket’s largest traders are positioned to win over $13M if Trump wins the election.
Bloomberg Terminal Integrates Polymarket Odds
The Bloomberg Terminal has now integrated Polymarket.
Entering mainstream news and finance before our eyes.
What once was a fringe, sci-fi idea for transforming the flow of information is now becoming the new normal, as 10s of millions of people build habit around relying on… x.com/i/web/status/1…
— Shayne Coplan (@shayne_coplan)
3:01 PM • Sep 3, 2024
📈Trending Markets
Trump extends Presidential lead - the whole election could swing for the candidate who wins the state of Pennsylvania.
Donald Trump is now leading Kamala Harris by 4 percentage points according to political trading market Polymarket x.com/i/web/status/1…
— *Walter Bloomberg (@DeItaone)
3:04 PM • Sep 3, 2024