Polymarket Odds Put Kevin Warsh Ahead in U.S. Fed Chair Race

Polymarket Odds Put Kevin Warsh Ahead in U.S. Fed Chair Race

Kevin Hassett’s withdrawal from Fed chair consideration boosts Kevin Warsh’s Polymarket odds to around 60%, with Powell’s term set to end May 15.

Fact Check
The evidence strongly and consistently supports the statement. The most direct evidence comes from the Polymarket user profiles, which provide specific odds for several candidates. These sources show Kevin Warsh's odds at 56%, which is higher than the odds for Kevin Hassett (41%) and Rick Rieder (8%). This primary data directly establishes Warsh as the leading candidate among those mentioned.This conclusion is explicitly confirmed by a New York Post article, which states, 'Kevin Warsh soars ahead of Hassett in Polymarket, Kalshi odds on next Fed chair.' This source has the highest possible relevance as it directly addresses the claim about Polymarket.Furthermore, multiple other reputable financial news outlets, including Investopedia and Investor's Business Daily, corroborate the general trend, reporting that Warsh has become the leading candidate on prediction and betting markets. While a CNBC article focuses on the prediction market Kalshi, it reports a similar trend, lending further support to the overall narrative. There are no contradictions in the provided sources. The combined weight of direct data points from the platform itself and explicit confirmation from multiple media reports makes the statement highly likely to be true.
Summary

White House economic adviser Kevin Hassett indicated he would remain in his current role, effectively exiting the Federal Reserve chair race. Polymarket prediction markets now place Kevin Warsh in the lead with around a 60% chance, followed by Hassett at 15–16% and Christopher Waller at 13–14%. Jerome Powell’s term ends on May 15, with former President Donald Trump expected to announce a successor this month.

Terms & Concepts
  • Polymarket: A decentralized prediction market platform using blockchain technology to allow users to trade on real-world event outcomes.
  • Federal Reserve Chair: The head of the U.S. central bank, responsible for guiding monetary policy and overseeing the Federal Reserve System.