The post Polymarket panic? US recession bets hit 57% appeared on BitcoinEthereumNews.com.

The online betting markets are freaking out after US President Donald Trump dropped the tariff bombshell. In reaction to this, the odds of a US recession in 2025 have skyrocketed and crypto traders are pricing it in. Polymarket, the wild west of crypto prediction markets, is now flashing a bright red warning for the economy. It is now pegging the odds of a 2025 recession at 57%. The odds are just climbing up after dipping down to 44% over the past week. However, the crypto linked prediction platform has nailed Trump’s 2024 win. Trump’s tariffs push recession odds to 57% Since returning to the office, Trump has been touting a Made-in-USA comeback and calling out countries that he claims have been “ripping off” America for years. In just weeks, the US has gone from a stable economic force to a source of chaos. Tariffs have been slapped on nearly everything, 25% on steel and aluminum, while 245% on Chinese imports. As per the data shared by Polymarket, recession bets now trade at 57¢, while “no recession” sits at 43¢. The rates peaked at 64¢ for the recession coming in and 36¢ over “no recession”. The tracker has recorded the odds hitting the highest of 66% on April 9. Soon after the spike, sentiments took a dip but the uncertainty prevailed and the odds are rising again. Source: Polymarket Even the giants are feeling the heat, Goldman now sees a 45% recession risk and JPMorgan 60%. Meanwhile, Trump is not backing down as he recently called tariffs “medicine” and said they’ll stay until trade deficits are “cured.” The odds for a US-China trade deal before June are hitting 38%. The chances of having a deal is trading at 38¢ while “No deal” sits at 63¢. However, traders at Polymarket believe that…

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Filed under: News - @ April 19, 2025 2:17 pm