TOTAL VOLUME:
$149.7b
24H VOL:
$109,714,070
24H TRANSACTIONS:
2,820,087,997
OPEN INTEREST:
$1,739,090,488
444,140
Markets across
34,296
events
MATCHED EVENTS:
2,700
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This market tracks the probability of the Federal Reserve holding an emergency meeting and lowering the upper bound of the target federal funds rate before January 1, 2027. Currently, the consensus probability of this occurring, as aggregated from Polymarket and Predict, is 8.0%. Resolution will be determined by official announcements from the Federal Reserve’s website (federalreserve.gov) or credible news sources reporting on any emergency meeting. Keep an eye on the Federal Open Market Committee (FOMC) schedule and any potential for unscheduled meetings as we approach the resolution date of January 1, 2027, which marks the end of the betting period.
This market will resolve to "Yes" if the Federal Open Market Committee (FOMC) holds an emergency meeting after which the upper bound of the target federal funds rate is lowered between November 11, 2025 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". An emergency meeting is defined as any unscheduled meeting called by the Federal Reserve Board or the Federal Open Market Committee (FOMC) apart from the regular eight pre-scheduled meetings for 2025 and the regular eight pre-scheduled meetings for 2026. The resolution source will be official announcements from the Federal Reserve’s website (federalreserve.gov) or credible news sources reporting on the emergency meeting.
This market will resolve to "Yes" if the Federal Open Market Committee (FOMC) holds an emergency meeting after which the upper bound of the target federal funds rate is lowered between November 11, 2025 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". An emergency meeting is defined as any unscheduled meeting called by the Federal Reserve Board or the Federal Open Market Committee (FOMC) apart from the regular eight pre-scheduled meetings for 2025 and the regular eight pre-scheduled meetings for 2026. The resolution source will be official announcements from the Federal Reserve’s website (federalreserve.gov) or credible news sources reporting on the emergency meeting.
Prediction market odds often offer a different perspective than traditional analyst forecasts. Analysts may be influenced by biases or institutional constraints, while this market reflects the collective judgment of a diverse group of traders. While analyst forecasts currently vary, many anticipate a gradual approach to rate adjustments. However, this market incorporates the possibility of unforeseen economic shocks that could trigger an emergency rate cut. Discrepancies can arise from differing methodologies and the speed at which each incorporates new information, making this a valuable signal alongside conventional analysis.
On Polymarket, this market is priced based on the specific user base and trading activity of that platform, while Predict has its own distinct community and dynamics. Polymarket and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. This can lead to price discrepancies even when tracking the same underlying event. Factors like differing risk appetites, information access, and market sophistication contribute to these variations. Currently, Polymarket currently favors Fed emergency rate cut before 2027? at 2.3%, while Predict leans toward Fed emergency rate cut before 2027? at 2.0%, highlighting these differing perspectives.
This market resolves around Jan 1, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, resolution will depend on whether the Federal Reserve announces an unscheduled interest rate cut before that date. The determination will be based on official statements and actions taken by the Federal Open Market Committee (FOMC). The outcome will be determined by examining official records and widely-recognized financial news sources to verify any such action.
Several economic indicators and geopolitical events could significantly impact this market. Unexpectedly weak economic data, such as a sharp rise in unemployment or a contraction in GDP, could increase the perceived likelihood of a rate cut. Conversely, strong economic performance and persistent inflation could decrease it. Geopolitical instability, like a major international conflict, could also trigger a flight to safety and prompt the Fed to consider easing monetary policy. Any statements from Federal Reserve officials regarding future policy intentions will also be closely watched by traders in this market.