Prediction market betting: The probability of Hasset taking over as Fed chair has soared to 78%.

[Block Rhythm] Recently, the prediction market has been quite lively, and the call for White House National Economic Council Director Hassett to take over as Fed Chairman is getting louder.

Looking at the data from the Kalshi platform, its winning rate skyrocketed from 55% to 78% within a week, which is indeed a significant increase. Another prediction market platform shows that its probability also reached 71%, leaving other candidates far behind.

To be honest, prediction markets can sometimes be more accurate than traditional polls—after all, it's real money that's voting. If this trend continues, it seems pretty certain that Hassett will take the position. For us in the crypto space, the new chairman's stance on monetary policy is quite worth paying attention to, as the Fed's every move can stir the market.