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Fortune
Fortune
Jason Ma

Kevin vs. Kevin: Warsh overtakes Hassett as favorite to be Fed chair nominee on prediction market

Kevin Hassett Donald Trump US Federal Reserve Kevin Warsh Kalshi
(Credit: Daniel Acker—Bloomberg via Getty Images)

Wall Street’s top parlor game took a sudden turn on Monday, when the prediction market Kalshi showed Kevin Warsh is now the frontrunner to be nominated as the next Federal Reserve chairman, overtaking Kevin Hassett.

Warsh, a former Fed governor, now has a 47% probability, up from 39% on Sunday and just 11% on Dec. 3. Hassett, director of the National Economic Council, has fallen to 41%, down from 51% on Sunday and 81% on Dec. 3.

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