The Federal Open Market Committee (FOMC), the policy-making arm of the U.S. Federal Reserve, will convene for its next meeting on Oct. 28 and wrap up on Oct. 29. The gathering is drawing close attention from global investors, economists, and central banks for potential rate cuts. Ahead of the meeting, decentralized prediction platform Polymarket traders are betting a 98% chance that the Federal Reserve will lower its benchmark interest rate by 25 basis points during the meeting. Source: Polymarket, Fed d ...

Blockchain prediction market Polymarket is preparing a return to the United States as it eyes a potential $10 billion valuation, according to a Friday report by Business Insider. Key Takeaways: Polymarket is planning a U.S. return and seeking a valuation of up to $10 billion. The platform gained traction after accurately predicting Trump’s 2024 victory but faced regulatory setbacks. With CFTC clearance and rising competition from Kalshi, Polymarket is re-entering a heated prediction market race. T ...