Polymarket’s Top Trader Bets $15K on 50 bps Fed Rate Cut, Defying 91% Market Consensus

• Polymarket’s top trader bets $15K on 50 bps Fed cut, risking against market consensus
• CME FedWatch shows 91% probability of only 25 bps cut, but weak jobs data fuels debate
• A 50 bps cut could spark rallies in Bitcoin and stocks as lower rates support risk assets

A top trader on Polymarket, the decentralized prediction market, is betting that the Federal Reserve will cut interest rates by 50 basis points at next week’s meeting. The trader, going by JustWakingUp on X, wagered $15,000 on the outcome, a position that could return $226,000 if correct.

The position is already up about 3%, but it runs against broader market consensus.

Related: Trump Pressures Fed Chair Powell Over Costly Renovation and Interest Rates

50 bps vs 25 bps; which would take the day?

JustWakingUp is Polymarket’s most prolific trader, according to X handle Polymarket Whales, which posted evidence of the latest bet. The handle noted that…

The post Polymarket’s Top Trader Bets $15K on 50 bps Fed Rate Cut, Defying 91% Market Consensus appeared first on Coin Edition.