Prediction Markets: Traders Brace for Fed Rate Hike

Prediction market traders brace for a surprise Fed rate hike after betting platforms show shifting odds on the central bank's July decision. Decrypt reports highlight how recent data revisions and inflation prints have altered expectations, creating fresh uncertainty for Bitcoin and broader crypto market reaction. Traders now price in a higher chance of an unexpected 25-basis-point move, echoing the volatility seen in the last six months when similar policy surprises triggered sharp swings across risk assets.