Prediction markets bet on Coinbase-linked Hassett as top Fed pick

Prediction markets Polymarket and Kalshi are heavily favoring Kevin Hassett, President Trump’s National Economic Council director, to become the next Federal Reserve chair, with odds reaching 66% and 74% respectively. Hassett is considered crypto-friendly due 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. While some, like Custodia Bank CEO Caitlin Long, believe a Hassett Fed would remove anti-crypto officials and usher in major changes, others caution against assuming deregulation, noting that the Fed's mandate on financial stability remains paramount. Hassett's potential appointment comes amid internal pushback at the Fed regarding supervision, particularly from Governor Michael Barr, who is seen as favoring stricter oversight, suggesting that a Hassett-led Fed would inherit an institution already navigating a shift in its supervisory approach.

(Source：Cointelegraph)