Polymarket Trader Bets Big on Fed Rate Cut, Locking in $500,000 Profit

A Polymarket trader has placed a series of bets on the Federal Reserve cutting interest rates, guaranteeing themselves a $500,000 profit regardless of the size of the cut. The bets reflect the market’s anticipation of a rate cut, with uncertainty surrounding the magnitude of the reduction. This significant wager comes amidst broader market caution and a focus on how macroeconomic factors are influencing digital assets and crypto markets.

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