Polymarket odds for a December Fed rate cut surge to ~87%, fueling ~7% weekly Bitcoin gain and rallies in crypto stocks and miners

first published 2025-11-28T20:29:09Z

Polymarket prediction-market odds of a December US rate cut climbed to about 87%, a move that coincided with gains across crypto-linked stocks. US-listed Bitcoin miners Cleanspark, Riot Platforms and Cipher Mining posted double-digit five-day gains; Circle (USDC issuer) jumped nearly 10%; Coinbase and Michael Saylor’s Strategy saw smaller increases. Bitcoin rose roughly 7% over the week. The prediction-market swings have been driven by Fed commentary (Jerome Powell and Gov. Christopher Waller). The story also notes broader growth in prediction markets, including Polymarket and Kalshi partnerships, funding activity, and reports that Coinbase is exploring a prediction-market product.

AI Analysis

Polymarket odds reached ~87% for a December rate cut and coincided with concrete market moves: Bitcoin up ~7% on the week, double-digit 5‑day gains in miners (Cleanspark, Riot, Cipher), and a ~10% jump for Circle. Fed commentary (Powell, Waller) is cited as the driver; the piece also documents growth and partnerships in prediction markets and Coinbase exploring a product—all factual items that can move short-term trading decisions.

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