Myriad Moves: Predictions on Strategy's Bitcoin, Fed Rate Cuts, Pope Conclave and More
Prediction markets like Myriad offer crypto participants opportunities to wager on various events. A current market allows users to predict if Michael Saylor's firm, Strategy, will purchase more Bitcoin by May 5, with odds at 85.2% in favor. Strategy has consistently bought Bitcoin, accumulating over 553,555 BTC worth more than $53 billion. Another market indicates nearly 90% odds that the Federal Reserve will not cut rates by May 8, despite rising hopes for cuts. A conclave to elect the next pope begins on May 7, with predictors split on whether a two-thirds majority will be reached in the first two days of voting, currently at 51.4% for "no." Lastly, a market questions if Fed Chair Jerome Powell will leave his position before June, with 93.6% odds suggesting he will remain.
