The post Will DOGE achieve its major goals in 2025? Here’s what Polymarket predictions say appeared on BitcoinEthereumNews.com.

Elon Musk’s DOGE has devised strategies to cut the federal budget, from auditing Fort Knox gold reserves to creating a DOGE dividend. However, sentiment on betting markets like Polymarket suggests that these plans may be too ambitious. DOGE has taken extreme measures to fulfill its goals, such as major layoffs from several government agencies and the shutdown of the US Agency of International Development. According to DOGE’s official savings tracker, the organization has saved $65 billion of the government’s budget to date. However, this achievement has not won bettors’ confidence in DOGE’s future promises. Overall, their hopes seem to be low based on Polymarket data. Polymarket bettors aren’t positive about the budget being cut by 5% in 2025 Elon Musk aimed for budget cuts of up to $2 trillion. He said reaching half that amount would be “an epic outcome.” Federal government spending reached $6.9 billion in 2024, which means that DOGE will have to cut $345 billion to hit the 5% mark in 2025. According to Polymarket’s predictions, Musk’s 5% cut is unlikely to happen, as 74% of bettors predicted against it.  Chances of Elon musk cutting the budget by at least 5%. Source: Polymarket There’s only a 31% chance for Trump to create a DOGE dividend this year Elon Musk claimed that Trump is “supportive of’ the DOGE dividend idea.” During the CPAC conference last week, he said, “It sounds like that is something we are going to do.” If Musk is able to cut the targeted costs, as much as $5000 will be distributed per taxpayer. Currently, Polymarket remains 31% positive and 69% negative about this plan. Chances of Trump creating a DOGE dividend this year. Source: Polymarket Will DOGE audit the FED by May? In an X post, Elon Musk responded to the question of auditing…

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Filed under: News - @ March 1, 2025 1:22 am