New Account Wagers $40,000 on Rick Rieder as Potential Fed Chair

2026-01-20 11:16

A newly established account has placed a $40,000 bet on Rick Rieder becoming the next Federal Reserve Chair, with wagers made at prices between 15 and 18 cents over the past six hours. The average cost of these bets is 14 cents, reflecting a 16% probability of Rieder's appointment. Rick Rieder, who recently interviewed with Donald Trump, is considered more likely to secure Congressional confirmation, currently ranking second in probability.

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