Two Polymarket Traders Bet $3 Million On Different Fed Rate Cuts As Bitcoin Hopes For Bullish FOMC Meeting

Ex-SEC Official Slams Bill Ackman's 'Very Illegal' Proposal

Bitcoin (CRYPTO: BTC) is hovering around $116,000 ahead of Wednesday’s Federal Reserve interest rate decision as traders on Polymarket are heavily betting on both a 25 basis points and a 50 basis points cut.

What Happened: At the time of writing, a 25 basis points cut is priced at 90%, compared to 8% for a 50 basis points cut and 2% for no cut.