Variety of Forecasts: Insights on Trump's Tariffs, Canadian Election Outcomes, Potential New Pope, and Additional Topics
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Discover SCENE Get ready to test your knowledge with the booming world of prediction markets! These markets allow crypto enthusiasts to delve into the real-time, community-driven barometer of event probabilities, potentially profiting from their insights.
By joining a prediction market like Myriad, you can follow or even bet on various markets, including markets about markets, politics, pop culture, and more!
Here are some exciting, trending, and newsworthy markets on Myriad this week:
- Canada Election Odds
- Market Opened: April 7*
- Closes: April 28*
- Volume: $39.6K*
Canada is gearing up for its general election, and Myriad users predict Bitcoin critic Mark Carney (Liberal Party) will win. Carney's odds have shot up to 82.4%, gaining over 10% this week on Myriad. Earlier in the year, Bitcoin proponent Pierre Poilievre (Conservative Party) led the odds, but his chances have dwindled to just 15% on prediction market Polymarket today and 17.4% on Myriad.
- Next Pope Election
- Market Opened: April 21*
- Closes: May 19*
- Volume: $8.38K*
After Pope Francis's passing, the race for his successor began. To elect a new Pope, a two-thirds majority of cardinal electors must agree via secret ballots. Though the conclave is not expected for another week or more, bettors are already casting their votes on Myriad and Polymarket. Markets indicate the odds for "Other" are now at 48.2% on Myriad, with cardinals Pietro Parolin and Luis Antonio Tagle in second and third place, respectively.
- U.S.-China Trade Deal
- Market Open: April 15*
- Predictions Close: June 13*
- Volume: $14.7K*
President Trump's unpredictable tariff strategy is causing volatility in various markets, including prediction markets. The Myriad U.S.-China Trade Deal market allows users to wager whether the two nations will agree on a deal before Chinese President Xi's 72nd birthday on June 15. Markets fluctuate between 39.9% to 76% in favor of a trade deal, with the latest odds showing a slight skepticism, standing at 62.4% against a trade deal.
- Fed Rate Cuts
- Market Open: April 11*
- Predictions Close: May 5*
- Volume: $19K*
Myriad users do not believe President Trump's push for Federal Reserve rate cuts will be successful, at least not yet. Odds sit at 84.2% for "no cut," even as Trump pressures Fed Chairman Jerome Powell to lower interest rates. Despite Bitcoin's recent ups and downs, traders on Myriad and Polymarket both show 91% odds of no change in the Fed's next decision.
Stay tuned for more updates, as these markets continue to evolve and new markets emerge!
Edited by Andrew Hayward.
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- Participation in prediction markets can not only generate profits but also foster a deeper understanding of global events, trends, and the overall impact of the crypto market on various aspects of society, from politics to pop-culture.
