Prediction market platforms Polymarket and Kalshi have identified Kevin Hassett as the current favorite to succeed Jerome Powell as the next head of the Federal Reserve.
Hassett, who led the National Economic Council during Donald Trump’s presidency, holds the highest odds among potential candidates, about 66% on Polymarket and 74% on Kalshi.
Hassett has served on Coinbase’s
$2.27B
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Pool? Is it Worth it? (Beginner-Friendly)
During his time at the White House, he also helped guide a working group focused on digital assets. These roles have made him one of the most crypto-connected figures ever considered for the Fed’s top position.
Supporters of digital currencies have shown strong interest in his possible appointment. Caitlin Long, founder and CEO of Custodia Bank in Wyoming, stated on X:
If this comes true & Hassett does become Fed chairman, anti-crypto people at the Fed who still hold positions of power will finally be out (well, most of them anyway). BIG changes will be coming to the Fed.
Hassett has long been active in Republican economic policy and previously advised President Trump on fiscal matters. His experience and policy record have helped him emerge as a credible candidate for traders betting on leadership changes at the central bank.
The Ultimate Fighting Championship (UFC) recently partnered with Polymarket through a long-term agreement with TKO Group Holdings. What is the goal of the partnership? Read the full story.
