Betters on Polymarket believe it’s now a certainty that the US Federal Reserve will wind down its quantitative tightening (QT) program by May of this year, a move many analysts say could trigger the next leg of the crypto bull market.
By March 14, Polymarket’s betting odds that the Fed would end QT by April 30 was 100%, which remains unchanged at the time of writing.
The wager, titled “Will Fed end QT before May?” has more than $6.2 million in cumulative trading volume.
Polymarket users have assigned a 100% probability that the Fed will end quantitative tightening in the coming months. Source: Polymarket
Polymarket is a crypto-based prediction market that lets betters wager on real-world events. It rose to prominence during the 2024 US presidential election cycle, where it accurately predicted the ascent of Donald Trump.