Gate News: On March 17, Polymarket prediction market data shows that the market odds of the Federal Reserve cutting rates once by 25 basis points this year stand at 30%, the probability of no rate cut is 23%, and the probability of cutting rates twice for a total of 50 basis points is 23%. The prediction market's trading volume currently exceeds $10.25 million.
On March 17, PolyBeats detected that a new address on Polymarket invested $38,700 to buy the option "Extended's FDV exceeds $300 million on the first day of launch," with current probability at 36%. Extended is a non-custodial perpetual futures exchange based on Starknet, with core mechanisms including unified margin and multi-asset collateral. It previously raised $6.5 million in funding in April 2024.
Gate News announced that on March 17, according to Dune data cited by Polymarket team developer Suhail Kakar, Polymarket's weekly trading volume surpassed $2.1 billion last week, setting a new record for the platform's single-week transaction volume.
On Polymarket, two accounts invested $23,800 betting that Kevin Warsh has no hope of being confirmed by the Federal Reserve, with the current probability at 94%. If not confirmed by the Senate, the bet will be settled otherwise. Powell faces investigation but is determined not to resign, and key senators have indicated they will reject new nominees.
Gate News Alert: On March 17, Polymarket prediction market data shows that, benefiting from the recent sustained rebound in the crypto market, the probability of Bitcoin reaching $80,000 in March has risen to 44%. At the same time, the probability of Bitcoin falling to $60,000 in March has decreased to 12%.