Briefly,
- Michael Saylor and Strategy are expected to buy more Bitcoin in the coming week, according to a number of market analysts.
- The predictions are divided on whether or not the conclave of Popes will continue beyond two days.
- There is more confidence that Jerome Powell, the current chairman of the Federal Reserve Board, will remain in office in June.
As the rise of prediction markets Crypto participants have a variety of options to test their market, political, pop-culture, and other knowledge.
Use a prediction market such as MyriadUsers can bet or follow a community-sourced, real-time indicator for an event’s probability, and potentially profit from their expertise.
What is the buzz on Myriad for this week? Take a look below at the current news and odds for some of Myriad’s most active and interesting markets.
Myriad Markets (Disclaimer) is the product of Decrypt, DASTAN’s parent.
What will Strategy (MSTR), do this week to purchase Bitcoin?
The Market opens on April 29, 2019.
Closed: Friday, May 5,
Volume: $9.82K
Michael Saylor, his company and their products have been hard to maintain over the last couple of years Strategy (formerly MicroStrategy), from the Bitcoin Buy button. The company’s treasury contains more than 2,6% of BTC.
Myriad has a new market that allows you to predict whether or not the firm and he will continue pushing it in the next week ending on May 5th. As of Thursday, the odds are 85.2% in favor of “yes”.
Why would predictors be so confident? Maybe the company rarely breaks away from purchasing Bitcoin.
Strategy announced its 12th Bitcoin purchase since the beginning of the year, which included an announcement made earlier this week. Addition of $1.4 Billion worth to bring its total holdings to 553,555 BTC—more than $53 billion worth.
Strategy Bitcoins can be purchased In each previous week, the company has disclosed its purchases. This year there have only been a few two-week periods between disclosures.
Saylor’s firm used innovative financing techniques to raise funds to buy Bitcoin. However, by April 27, it was only left with around $129,000,000 of MSTR stock for issue and sale. The company is now close to the limit on one of its In October, equity offerings programs will be announced.. The company still has approximately $21 billion of STRK issuances available.
Saylor and Company will purchase again next week, right? According to Myriad’s latest flash market, the predictions are that Saylor and company will purchase again in the coming week.
What’s Next: Every one of the three last Strategy purchases was announced on Monday. The same announcement will be made on Monday, 5 May?
Can the Fed Cut Rates By the End Of May 8th?
Opening of the Market: 11 April
Closed: Friday, May 5,
Volume: $23.9K
Though Rate cuts are on the riseMyriad predictors do not believe that the Federal Reserve is going to cut rates by May 8th.
The odds of Myriad’s third largest market, measured by volume, are almost 90% against “yes.” This represents a gain of around 5% in the past seven days. They have also increased closer to 25% since the opening afternoon.
Trump continued his criticism of Fed Chairman Jerome Powell by urging Powell to lower rates and calling Powell a “A “major loser” is Mr. On April 21, a Truth Social post was made. Although they are not discouraged, the predictors remain unfazed.
Even greater odds of no rate change are displayed on Polymarket’s predictions market. holding 96% as the Fed’s next FOMC rapidly approaches—nearly matching the FedWatch, a CME Group product, shares its probability data. dashboard.
There is a very high likelihood of several rate cuts in this year, although the predictors disagree on how many. How many according to the market? Polymarket.
What’s Next: On May 5, the market will be closed, just one day prior to the start of next FOMC.
Pope Election: "White Smoke" on the First Two Days of Conclave?
Open Market Day: Thursday, April 21, 2019
Closes on: May 19,
Volume: $16K
Around 180 cardinals who were present in Rome decided to launch the papal elective assembly or conclave on 7 May to select the new pope.
Cardinals eligible for voting will use secret ballots in the conclave. They must reach a majority of two thirds. When a two-thirds majority is achieved, the new Pope is chosen and the chimney over the Sistine Chapel emits “white smoke.” In the event that there is not an agreement reached, it will produce black smoke.
This market will attempt to forecast whether or not the new pope’s election is decided within the first two secret ballot days.
Two days voting does not mean that there are only two votes. According to Vatican NewsThere will be only one ballot if the voting takes place in the early afternoon of 7 May. If it goes on into the second day, May 8, then there will be only one ballot. Four ballots will be available in total—two each in the morning and afternoon.
Myriad’s predictions are split almost equally on the likelihood that the cardinals can reach the two-thirds threshold in the initial two days. “No” is slightly more likely to win, at odds of 51.4% versus 48.6%. As the week progressed the odds became tighter. They moved 7.8% either way.
There is no set time for the conclave. However, if after three days the cardinals electors cannot reach two-thirds of the votes, they can take an extra day to conduct a free discussion.
Last two Conclaves Two days was concludedAccording to BBC.
What’s Next: Conclave begins on Saturday, May 7.
Powell to leave Fed chair before June?
Opening of the Market: Tuesday, April 22,
Closing date: May 31,
Volume: $76.5K
Myriad’s largest-volume predictions market magnifies Jerome Powell’s action once again, asking this time if Powell would leave his Fed chairman position before June.
The Sworn In for A The second term of four years will begin in May 2020, Powell technically has another year left in the office, but this market resolves “yes” for any departure of the role, including firings—a topic President Trump has hinted at in posts on Truth Social.
The President said on 17 April that “Powell’s termination can’t come soon enough!” and referred to him again as “Mr. too late” within the same posting.
But days later, Trump said Powell had never been fired.And predictors seem to be on his side. Powell’s departure is not expected to happen before June according to the current odds. This suggests that Trump won’t be the first President since Nixon in the past century who has fired the Fed Chair. Central bank becomes independent in 1951.
What’s Next: Powell will take center stage at the next FOMC meeting, which takes place on May 6-7. Trump will change his mind if, as forecasters expect, the Fed maintains rates at their current level.
Andrew Hayward is the editor
