There has been a debate in the vast finance market of the United States that the administration of Donald Trump is planning to fire Jerome Powell in the ongoing, yet as per the a poll on Polymarket with a question, ‘Will Trump Remove Jerome Powell in 2025?’ 15% of traders seem to be favoring Yes.
Source: Polymarket
It is worth noting that a decline of 7%, at a time on April 22, 2025 a YES voting of 22% was seen, which significantly reached below 15 on April 23, 2025.
The overall volume of the poll is $541,557, and the ending date of the poll is December 31, 2025.
Who does the Polymarket polls favor as the next FED chair, if Jerome Powell gets terminated?
If Donald Trump’s administration departs Jerome Powell from the FED, there are higher chances of a new chairman appointment. And a poll over the new chairman has a volume of $15,478, and the names of the major candidates for the profile are Kevin Warsh, Arthur Laffer, Larry Kudlow, Judy Shelton, Ron Paul, and Chamath Palihapitiya.
However the option of no announcement by December 2025 has a volume of $4,224, the highest volume is favoring the appointment of Kevin Hassette, and the same volume is in favor of Judy Shelton’s appointment.
Name of Kevin Warsh has gained huge traction and in the polls with 35% of his appointment, it is crucial to note that there is no official clearance for his termination.
How important are Polymarket polls for the crypto market?
Polymarket has gained huge traction in the crypto industry, and as of now, it is one of the biggest and most prominent decentralized prediction markets.
In the context of crypto, Polymarket has gained massive limelight, and there are more than one dozen polls which are somehow related to cryptocurrencies, and most frequent polls are on Bitcoin, Ethereum, XRP, SOLANA, and CARDANO.
Polymarket gained huge success, particularly during high-profile events like the 2024 U.S. presidential election. Prediction markets have gained popularity and are frequently mentioned by media sites like Bloomberg and The Wall Street Journal.
Polymarket polls provide new opportunities for cryptocurrency speculation. Stablecoins allow traders to bet or hedge on actual events, connecting cryptocurrency to more general political and economic trends.
This might be exacerbated by the platform’s anticipated launch of leverage trading, which would draw in experienced traders and boost market liquidity for crypto.
Crypto market price updates
Until publishing, the crypto market cap was $2.94 trillion with a surge of 6.08%, and the crypto fear and greed index was at 52, which is demonstrating a fade in bearish sentiments.
Bitcoin added 6.10% and is now exchanging hands at $93,653 and its market cap is $1.85 trillion and its trading volume is $59.46 billion.
According to data from CoinMarketCap, the intraday gainers list has been ruled by Immutable, followed by SUI, Bonk, JasmyCoin, Floki, Ethena, Walrus, and Pepe.
