Prediction Markets Unfazed by Powell DOJ Probe: Asia Morning Briefing
Prediction markets such as Polymarket and Kalshi are reportedly downplaying the possibility of Federal Reserve Chair Jerome Powell being removed from his position early, despite a criminal investigation. According to reports, traders are not significantly pricing in the risk of Powell's departure. The development suggests that market participants in these prediction platforms do not see the investigation as an immediate threat to Powell's tenure as Fed Chair.
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