Markets.News
Cryptocurrency gamblers do not foresee any alterations to the Federal Reserve's policy in July, post the central bank's unanimous decision to maintain the federal funds rate on Wednesday. According to Polyamarket projections, traders on Polygon (CRYPTO: POL) expected an 80% likelihood of rates staying the same in the upcoming July 29 meeting, with a 25% chance of a 25 basis point increase. Bets indicating rates dropping below the current 3.50%–3.75% range were minimal. Wagers on this outcome have surpassed $11.8 million, making it a highly active contract on Polymarket. These forecasts were in line with the CME FedWatch tracker's data.