Polymarket puts December rate-cut odds at 87% as crypto stocks climb

Nate Kostar 2 minutes ago Polymarket puts December rate-cut odds at 87% as crypto stocks climb Cleanspark, Riot, Cipher and Circle rose higher as the odds of a US rate-cut in December reached its highest level of the month on the prediction market. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Several crypto-linked stocks climbed on Friday as prediction-market odds of a December rate cut surged to 87% on Polymarket, the highest level this month. Three US-listed Bitcoin miners led the rally, with Cleanspark, Riot Platforms and Cipher Mining all rising in the session and showing double-digit gains over the past five days. Probability of a US rate cut in December. Source: Polymarket Yahoo Finance data showed Circle, the issuer of USDC, jumped nearly 10% in early trading, while Michael Saylor’s Strategy and Coinbase notched more modest increases at the time of writing. Bitcoin ( BTC ) was also up around 7% on the week, after dropping to around $82,000 on Nov. 21, according to CoinGecko data . Top 10 Bitcoin mining stocks. Bitcoin Mining Stock Much of the volatility in prediction-market pricing this month has been driven by comments from Federal Reserve officials. On Oct. 29, 2025, Fed Chair Jerome Powell said a December cut was “not a foregone conclusion,” a remark investors took as hawkish. Polymarket odds fell from 89% the previous day and slid as low as 22% by Nov. 20. Sentiment shifted on Nov. 17 after Fed Governor Christopher Waller said the central bank should consider cutting rates next month, arguing that “the labor market is still weak and near stall speed” and that inflation is now “relatively close” to the Fed’s 2% target. Related: Kalshi, Polymarket traders bet Supreme Court will curb Trump’s tariff powers Prediction markets expand as demand surges Prediction markets, such as Kalshi and Polymarket, which enable bettors to wager on the outcomes of real-world events, have expanded their reach and influence this year. On Nov. 13, Polymarket inked a multi-year agreement with TKO Group Holdings to serve as the official prediction-market partner for the Ultimate Fighting Championships and Zuffa Boxing. The partnership came shortly after it partnered with North American fantasy sports operator PrizePicks . The same month, Kalshi raised $1 billion from Sequoia Capital and CapitalG, pushing its valuation to $11 billion, according to a TechCrunch report citing a person familiar with the deal. The new round followed a $300 million raise in October . On Nov. 19, rumors emerged that Coinbase is developing its own prediction-market platform after tech researcher Jane Manchun Wong posted screenshots of an unreleased site. Wong’s images indicated the product would be offered through Coinbase Financial Markets and backed by Kalshi. Source: Jane Manchun Wong On Wednesday, Robinhood said prediction markets have quickly become one of its fastest-growing revenue drivers , with more than one million users trading nine billion contracts since the product launched in March through a partnership with Kalshi. Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice # Bitcoin # Federal Reserve # United States # Predictions # Regulation Add reaction