Prediction Markets Bet On Coinbase-linked Hassett As Top Fed Pick
Prediction markets Polymarket and Kalshi surge for the pro-crypto candidate as Trump’s likely Fed chair pick, just as internal Fed reforms spark pushback from veterans.
Prediction markets Polymarket and Kalshi now place Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair.
The odds of Hassett filling the seat have now spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is widely viewed as crypto‑friendly thanks to his past role on Coinbase’s advisory council, a disclosed seven‑figure stake in the exchange, and his leadership of the White House digital asset working group.
Founder and CEO of Wyoming-based Custodia Bank, and a prominent advocate for crypto-friendly regulations, Caitlin Long, commented 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.”
Related: Crypto-friendly Trump adviser Hassett top pick for Fed chair: Report
Hassett is a long-time Republican policy economist who returned to Washington as Trump’s top economic adviser and has now emerged as the market-implied frontrunner to lead the Fed.
His financial disclosure shows at least a seven‑figure Coinbase stake and compensation for serving on the exchange’s Academic and Regulatory Advisory Council, putting him unusually close to the crypto industry for a potential Fed chair.
Still, crypto has been burned before by reading too much into “crypto‑literate” resumes. Gary Gensler arrived at the Securities and Exchange Commission with MIT blockchain courses under his belt, but went on to preside over a wave of high‑profile enforcement actions that critics branded “Operation Chokepoint 2.0.”
A Hassett Fed might be more open to experimentation and less reflexively hostile to bank‑crypto activity. But the institution’s mandate on financial stability means markets should not assume a one‑way bet on deregulation.
Source: CoinTelegraph
