On January 30, Federal Reserve Chairperson Jerome Powell said at a press conference that it is too early to say what President Donald Trump's policies will do and that the Fed will take time to assess what the new government policy regime means. Fed officials are "waiting" for the new president to enact which policies. "We don't know what will happen with tariffs, immigration, fiscal policy and regulatory policy," he said. "We will be watching closely what is being implemented. The Fed will not ...
Users of decentralized prediction market platform Polymarket are betting that Trump will pardon Sam Bankman-Fried within 100 days of taking office. In November 2023, Bankman-Fried was charged with seven criminal counts, including wire fraud, and later sentenced to nearly 25 years in prison for his role in the collapse of cryptocurrency exchange FTX. On Polymarket, he has a 4% chance of receiving a presidential pardon.
A French whale betting on Mr. Trump's victory, monitored by Lookonchain, has gained $47.80 million. The "giant whale" is a French billionaire who worked as a trader at several banks and began using his mathematical expertise to analyze US polls this summer.
According to Ember monitoring, the largest address on Polymarket betting on Trump's victory 0xd23... f29 has continued to add $3.10 million in the past 6 hours. He has now invested 17.2 million USDC in Trump's victory, and he could earn $10.94 million once Trump wins. But if Trump doesn't win the election, the whole investment goes to zero (if he has no other hedging operations).
While Trump has a clear advantage in the prediction market, those betting on him may want to consider the latest economic data that suggest Harris as the incumbent party candidate could benefit from a substantial tailwind, according to analysts at Moody's Analytics.