Name: How much spending will DOGE cut in 2025?
Start: 2025-02-05T22:54:38.132381Z
End: 2025-12-31T12:00:00Z

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This market will resolve based on federal government current expenditures as reported by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

This market will resolve to the amount federal government current expenditures decrease by between the Q4 2024 report and the Q4 2025 report. 

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the Q4 2024 value minus the Q4 2025 value. 

The figures will be based on the initial Q4 2024 and Q4 2025 values as reported by the St. Louis Federal Reserve Bank. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used. 

The figures will be based on the Q4 2024 and Q4 2025 values as reported by the St. Louis Federal Reserve Bank as soon as the data for Q4 2025 becomes available, regardless of whether later revisions are made.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

>$250B

$100-150B

$50-100B

$200-250B

<$50B

$150-200B

How much spending will DOGE cut in 2025?

The DOGE team, under the direction of President Trump and Elon Musk, has uncovered over $50 billion in fraudulent annual payments at the U.S. Treasury, prompting urgent reforms for transparency in government spending. Treasury Secretary Scott Bessent and other officials praise the methodical audit, which has already saved $74 billion in just 19 days, as a significant step toward cutting waste and increasing accountability.

DOGE Audits

To be clear, what the @DOGE team and @USTreasury have jointly agreed makes sense is the following:

- Require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making

I’m immediately introducing legislation next week to stop these rogue judges and allow Trump and DOGE to tell you where government is spending your money.

The @DOGE team, at the direction of the President &amp; his leadership team, is making great progress improving the efficiency of how your tax dollars are spent. 

I am confident that almost any fully informed American will be happy with the results. https://t.co/TeUT0yczDH

Treasury Secretary Scott Bessent says @DOGE is "one of the most important audits of government" in his lifetime.

"These are highly trained professionals. This is not some roving band going around doing things. This is methodical and it is going to yield big savings." https://t.co/pBEvFEuJ8f

WATCH: Treasury Secretary Scott Bessent Sets the Record Straight on @DOGE 

"Elon and I are completely aligned in terms of cutting waste and increasing accountability and transparency for the American people. I believe that this DOGE program ... is one of the most important https://t.co/F3vsrhzuKW

Democrats again EXPOSED as liars. Donald Trump confirms he is directing Elon Musk and DOGE personally on where to look to cut costs

Reporter “Is there anything you've told Elon Musk he cannot touch?”

TRUMP “I'll tell him to go here, go there. He does it. He's got a very capable https://t.co/tIP0klbO3w

Some @cnn comments on @elonmusk’s @DOGE efforts. Politicians promised for years to deliver a functional audit and trim the fat; TRUMP finally did it &amp; Washington is freaked out (which makes the American people happy). https://t.co/RNDHcXg4Dm

Update…  Over $74,000,000,000.00 saved in just 19 days!  

Thank you DOGE! https://t.co/qS57Evz4iu

DOGE findings at the US Treasury

- $50 billion a year is going to people that have no known social security number or a ID on file
- The Treasury Department doesn't keep itemized records of their payouts, so there's no way to follow up and check as to where the money is going https://t.co/Ddqw35CwSi

🚨🇺🇸ELON: TREASURY ADMITS $50 BILLION/YEAR IN FRAUDULENT PAYMENTS—REFORM UNDERWAY

Elon says the U.S. Treasury and DOGE team have agreed on urgent reforms after discovering over $100B/year in entitlement payments go to individuals without SSNs or valid IDs—with $50B of that https://t.co/vUTjPaRMmq https://t.co/iCSeGTDNKD

🚨 NEW: Elon Musk says that both DOGE and the Treasury Department have agreed that moving forward all outgoing government payments must have clear written identification of what the money is being used for which was previously nearly non-existent. https://t.co/hDRRqYa4Xd

The Department of Government Efficiency (DOGE) has exposed over $382 million in fraudulent unemployment payments since 2020, primarily in California, New York, and Massachusetts, alongside $630 million in questionable SBA loans to ineligible borrowers. Additionally, DOGE terminated 102 wasteful contracts worth up to $215 million, saving approximately $100 million, and raised concerns about trillions in missing Treasury funds and discrepancies in Social Security recipient numbers.

Massive Fraud Uncovered

Elon's update on DOGE spending cuts https://t.co/G5XZIUkjMn https://t.co/hmNpMIdLVW

Contract update!

Yesterday, agencies terminated 102 wasteful contracts with a ceiling value of ~$215M and savings of ~$100M, including a $250K @USGSA contract for a “circadian lighting pilot study” and $195k in @Interior consulting contracts to “provide facilitation and https://t.co/w1zSuyLZbW

JUST IN: After discovering $382 million in fraudulent unemployment payments since 2020, DOGE identifies three blue states as the primary culprits: California, New York, and Massachusetts.

Last month, @DOGE uncovered more than $630M in SBA loans distributed to “borrowers” over the age of 115 or under the age of 11.

This week, SBA implemented a suite of new applicant verification measures  – to make sure it never happens again.

https://t.co/UzhTFSArDR

🚨 DOGE BREAKING: DOGE has uncovered more than $630 million in SBA loans distributed to “borrowers” over the age of 115 or under the age of 11.

The fraud DOGE is revealing is absolutely unreal.

 https://t.co/vya4tCOvTz

382 million dollars in unemployment insurance fraud and guess which three states are responsible according to DOGE— California, New York and Massachusetts.

🇺🇸 DOGE BREAKS THE DEM’S PIGGY BANK AND WASHINGTON SCREAMS

Turns out, USAID used cash meant for Pakistan to build a fake Twitter in Cuba.

Meanwhile, $2.7 trillion vanished into fraud, and bureaucrats acted like it’s all fine. 

DOGE’s first hearing exposed it all: 20% fraud https://t.co/k7tA57ldxQ https://t.co/3s0ynPx8xV

"DOGE found hundreds of millions of dollars in fake unemployment claims."

That statement alone should frighten you. 

https://t.co/F3l6TTkDWh

Blue states make up most of about $400 million in unemployment fraud from last 4 years: DOGE https://t.co/QjtsqehJoW

Over a month ago, Elon and DOGE discovered there was 4.7 trillion dollars "missing" from the Treasury.  The story vanished almost as fast as the money.  What is going on here?  Doesn't this seem serious?  Where are the arrests?  @AGPamBondi

🚨BREAKING: DOGE just announced their plan to bring back $TRILLIONS of dollars stolen by corrupt politicians!

Do you support seizing assets from corrupt officials?

Yes or No?

If Yes, Give me a THUMBS-UP👍! https://t.co/dbOsNzHNrv

🇺🇸 DEM STATES CAUGHT RED-HANDED IN $300M UNEMPLOYMENT FRAUD SCHEME

DOGE investigators uncovered a massive $382 million unemployment fraud operation with Democrat strongholds California, New York, and Massachusetts responsible for over 80% of the theft.

California alone handed https://t.co/ai3HWhS0h4 https://t.co/NwxPso9giU

🚨 DOGE BREAKING: Agencies canceled 102 wasteful contracts worth up to $215M, saving about $100M — including $250K for a “circadian lighting study” and $195K for facilitation consulting.

More tax dollars saved. 💸 https://t.co/zj8nc2OKI5

🚨BREAKING: DOGE has discovered that there are 394 million Social Security recipients in the U.S.  

There are only 334 million citizens in the U.S

What's your reaction? https://t.co/F0UkXkTgUI

BREAKING: DOGE has identified $382 Million in fraudulent unemployment payments since 2020, primarily in Democratic states. https://t.co/Py9W6lZ1QB

The Department of Government Efficiency (DOGE) has made significant strides in reducing federal spending by canceling over $2 billion in contracts and blocking payments, including a $52 million transfer to the World Economic Forum. Despite these efforts, criticism persists as nearly 40% of the canceled contracts are reported to yield no savings, and some celebrated cuts were quietly retracted due to errors.

Government Waste

🚨🇺🇸DOGE blocked a $52 million payment from going to the World Economic Forum. https://t.co/CyQSkCXCfh

Today,  the Federal Government exceeded $100M in annual rent savings through cancellations of 250+ vacant/underutilized leases totaling 3M+ square feet.  With ~7,250 current leases, there is plenty of available office space for the current workforce.

This is an amazing story and exactly what @DOGE aims to do!

The federal government has a MUCH larger amount of WASTE &amp; FRAUD than a local or state government could ever have, because it can always print more money. 

Unfortunately, there is no free lunch and that extra money https://t.co/f5vZtIfC7k

This audit was repeated at the Department of Labor. Initial results:

- 380 Microsoft 365 licenses with zero users
- 128 Microsoft Teams conference room licenses; only installed in 30 rooms
- 250 VSCode licenses; only using 33
- 129 Photoshop licenses; only using 22.
- 5 https://t.co/xnY8TkKOWv

DOGE has blocked a payment of $52 million to the World Economic Forum.

🔥🔥🔥 https://t.co/oKFanVxAnf

US taxpayer dollars were going to be spent on the following items, all which have been cancelled: 

-$69mm for the Eurasia Foundation to do "digital transformation activity" in Europe
-$32mm to Internews for programs including "media enabling democracy, inclusion, and

AP: Nearly 40% of contracts canceled by DOGE are expected to produce no savings https://t.co/MIGwlOAZaj

DOGE has cut about $2 billion in government spending. We could have cut that plus another billion dollars if we just ended tax payer funded subsidies to oil and gas companies AND we wouldn’t have had to fire a single federal worker.

The @DOGE department/agency leaderboard shows progress within the government, so the public can see for themselves who is making the most or least progress! https://t.co/MccdPtNVBu

One of the most under-appreciated  aspects of @DOGE is the compounding impact of waste reduction. This isn’t just saving money today – these cuts are a recurring annual savings - essentially an annuity to all Americans. I.e billions saved today, will eliminate the same (or more)

NEW: @doge quietly deletes the five largest spending cuts it was celebrating last week. 

All contained errors that wildly over-inflated how much had been saved. https://t.co/Z8OH5vquBx

A lot of people doubt DOGE’s ability to cut the deficit because entitlements &amp; medicare account for the bulk of spend. But that spend isn’t as rigid as it might seem: the entire medical billing system is built on fraud. There are countless drugs and procedures that are either

We need DOGE to launch an even bigger investigation into Medicaid. Democrats went on the House floor to rage about waste being cut out of the budget.

Officials say $50 billion in payments are fraud.

We thought USAID was their biggest cash cow. It seems like it's Medicaid. https://t.co/rplsF5bSZE

This market will resolve based on the seasonally adjusted number of federal employees, as reported by the U.S. Bureau of Labor Statistics (BLS) under the "All Employees, Federal" series (CES9091000001), displayed here (https://fred.stlouisfed.org/series/CES9091000001)

This market will resolve according to the decrease in the seasonally adjusted number of federal employees between the December 2024 report and the December 2025 report.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the December 2024 value minus the December 2025 value.

The December 2024 figure will be based on the initial December 2024 BLS Employment Situation report scheduled for release on January 3, 2025, and the initial December 2025 figure will be based on the report scheduled for release on January 9, 2026. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

The resolution source will be the BLS Employment Situation data, specifically the series CES9091000001, available at https://fred.stlouisfed.org/series/CES9091000001 or the official BLS website.


Will Elon and DOGE cut more than 200k employees in 2025?

This market will resolve to "Yes" if the budget is balanced for the 2025 fiscal year, i.e. if revenue minus spending is 0 or greater. Otherwise, this market will resolve to "No."

The resolution source will be the Federal Surplus/Deficit published by the U.S. Office of Management and Budget (OMB) here https://fred.stlouisfed.org/series/FYFSD. 

 This market will resolve according to the first data release from the OMB - any further updates won't be considered.


Will DOGE balance the budget in 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 (see https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 5% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,751,467,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).


Will Elon cut the budget by at least 5% in 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 see (https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 10% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,396,126,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon cut the budget by at least 10% in 2025?

This market will resolve to "Yes" if the US government holds any amount of Dogecoin in its reserves at any point between January 15, 2025, ET and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note that the US government confiscating Dogecoin does not count as holding Dogecoin reserves.

The primary resolution source for this market will be official information from the US government and/or the US federal reserve, however a consensus of credible reporting will also be used.

US national Dogecoin reserve in 2025?

This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action that creates a ‘DOGE dividend’ by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any cash transfer, tax credit, or other comparable financial transfer which is referred to as a DOGE dividend, or which is otherwise directly funded by savings created by the Department of Government Efficiency (DOGE) will qualify.  

Any bill signed into law or executive action taken within this market's time frame will qualify, regardless of when the law or action goes into effect.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.

Will Trump create a DOGE dividend in 2025? 

This market will resolve to “Yes” if Donald Trump or his administration officially announces that the Department of Government Efficiency (DOGE) will be terminated before its currently scheduled end date of July 4, 2026, at any point on or before December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Only official policy announcements will qualify.

Informal statements, plans contingent on future conditions, statements of intent without a formal policy directive, restructuring announcements that do not specify termination, or any other statements that do not constitute a formal announcement of early termination will not be considered.

The resolution source will be official announcements from the Trump administration, however a consensus of credible reporting may also be used.

Will Trump end DOGE in 2025?

The U.S. federal budget deficit for December 2024 was $86,731,619,013.29 (see: https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government). 

This market will resolve to "Yes" if the Monthly Treasury Statement (MTS) reports a lower monthly deficit in December 2025 than in December 2024. Otherwise, this market will resolve to "No."

The resolution source will be the Monthly Treasury Statement (MTS) published by the U.S. Department of the Treasury (fiscaldata.treasury.gov). The month surplus can be found in the column labeled "Current Month Deficit Surplus Amount" in the the table "Summary of Receipts, Outlays, and Surplus or Deficit” in the MTS (see: https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government).  If no report is published by February 28, 2026, 11:59 PM ET another credible source will be used. 


Will Trump & Elon reduce the deficit in 2025? 

This market will resolve if the value of the "[US] Federal government current tax receipts: Taxes on production and imports: Customs duties" for Q3 2025 is higher than Q2 2025, as defined and reported by the Federal Reserve Bank of St. Louis via the following source: https://fred.stlouisfed.org/series/B235RC1Q027SBEA

Only initial releases of each quarterly value will be used for resolution. Revisions made after the initial Q3 2025 release will not be counted.

If all relevant data is not published by December 31, 2025 ET, this market will resolve 50-50.

The resolution is based exclusively on the data shown in the chart linked above.

US tariff revenue up in Q3 2025?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve according to the value of customs duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/)

If the Treasury Department does not publish relevant data for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to the lowest bracket. 

The resolution source will be the Treasury Department.

Will the U.S. collect between $200b and $500b in revenue in 2025?

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings in 2025 (September 16-17, October 28-29, and December 9-10).

A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting.

A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting.

A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting.

If the Fed publishes a different combination than any listed, this market will resolve to "Other".

Emergency rate cuts outside the regularly scheduled meetings will not be considered. 

Any rate hike will be encompassed by "Other".

The resolution source for this market is the FOMC’s statement after its meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/openmarket.htm

If no statement is released for the December meeting by December 31, 2025, 11:59 PM ET, this market will resolve to "Other".

Will the Fed cut-cut-cut in 2025?

This market will resolve to “Yes” if DOGE or Elon Musk confirm that gold is missing from Fort Knox between March 10, 2025, and December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to “No”.

Only definitive statements which are based on audit or investigation of Fort Knox will count. 

If an audit by DOGE or Elon Musk confirms that there is no gold missing from Fort Knox, this market will resolve to “No”.

The resolution source for this market will be Elon Musk and the Department of Government Efficiency.

Will DOGE confirm Gold missing from Fort Knox?

This market will resolve to "Yes" if any Binance 1 minute candle for DOGEUSDT between 12 Mar '25 15:00 and 31 Dec '25 23:59 in the ET timezone has a final “High” price that is higher than any previous Binance 1 minute candle's "High" price on any prior date. Otherwise, this market will resolve to "No".

The resolution source for this market is Binance, specifically the DOGEUSDT "High" prices currently available at https://www.binance.com/en/trade/DOGE_USDT with “1m” and “Candles” selected on the top bar.

Please note that this market is about the price according to Binance DOGEUSDT, not according to other sources or spot markets.

Dogecoin all time high before 2026?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is decreased at any point between September 18 and the completion of the Federal Open Market Committee (FOMC) meeting for January 2026, currently scheduled for January 27–28. Otherwise, this market will resolve to “No”.

If no relevant statement is released for this meeting by the end date of the next scheduled meeting, and no qualifying rate cut is announced, this market will resolve to "No". Emergency rate cuts will qualify.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate cut by January 2026 meeting?

This market will resolve to "Yes" if the United States Federal Reserve is formally abolished by December 31, 2025 ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be information from the US federal government, however a consensus of credible reporting will also be used.

Fed abolished in 2025?

This market will resolve to "Yes" if the US government holds any amount of XRP in its reserves at any point between January 15, 2025, ET and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note that the US government confiscating XRP does not count as holding XRP reserves.

The primary resolution source for this market will be official information from the US government and/or the US federal reserve, however a consensus of credible reporting will also be used.

US national XRP reserve in 2025?

This market will resolve to "Yes" if both of the following conditions prove true at any point in 2025:

1) The "US recession in 2025?" market resolves to "Yes" (https://polymarket.com/event/us-recession-in-2025).

2) The Consumer Price Index (CPI) increases by 5.0% or more over the 12 month period ending in any month between April 2025 and December 2025 according to the US Bureau of Labor Statistics (https://www.bls.gov/bls/news-release/cpi.htm#current)

Otherwise, this market will resolve to "No".

This market will not resolve until all relevant figures are reported for the period of time encompassing December 2025.

The resolution sources for this market will be the NBER, BEA (https://www.bea.gov/data/gdp/gross-domestic-product), and BLS (https://www.bls.gov/bls/news-release/cpi.htm#current), as well as the "US recession in 2025?" market on Polymarket.

US stagflation in 2025?

This market will resolve to "Yes" if the US government holds any amount of Bitcoin in its reserves at any point between January 1, 2025, ET and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note that the US government confiscating Bitcoin does not count as holding Bitcoin reserves.

The primary resolution source for this market will be official information from the US government and/or the US federal reserve, however a consensus of credible reporting will also be used.

US national Bitcoin reserve in 2025?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2025 and the Fed's December 2025 meeting, currently scheduled for December 9-10. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate changes information following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2025?

This market will resolve to "Yes" if the US Department of the Treasury sends any funds or assets via a blockchain between February 4, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For this market to resolve to "Yes", the payment must be a publicly announced, official transaction involving the sending of assets or funds; exploratory or experimental transactions will not count toward the resolution of this market.

The primary resolution source for this market will be official information from the government of the United States, however a consensus of credible reporting will also be used.

US Treasury transactions on blockchain in 2025?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve to "Yes"  if the value of costumes duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/) is greater than $250b. Otherwise this market will resolve to "No". 

If the Treasury Department does not publish relevant data  for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to "No". 

The resolution source will be the Treasury Department.


Will tariffs generate >$250b in 2025?

This market will resolve to "Yes" if the US government holds any amount of Ethereum in its reserves at any point between January 15, 2025, ET and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note that the US government confiscating Ethereum does not count as holding Ethereum reserves.

The primary resolution source for this market will be official information from the US government and/or the US federal reserve, however a consensus of credible reporting will also be used.

US national Ethereum reserve in 2025?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP 'Advance Estimate' for Q3 2025, scheduled for release by the U.S. Bureau of Economic Analysis (BEA) on October 30, 2025, reports a growth rate of -5% or lower. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

5% GDP contraction in Q3 2025?  

This market will resolve to "Yes" if the US government holds any amount of Solana in its reserves at any point between January 15, 2025, ET and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note that the US government confiscating Solana does not count as holding Solana reserves.

The primary resolution source for this market will be official information from the US government and/or the US federal reserve, however a consensus of credible reporting will also be used.

US national Solana reserve in 2025?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP growth rate for the full year 2025, as derived from the 'Advance Estimate' for Q4 2025, scheduled for release by the U.S. Bureau of Economic Analysis (BEA) on January 30, 2026, reports a growth rate below 0. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' for Q4 2025, which provides the initial full-year 2025 GDP growth rate, will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

Negative GDP growth in 2025?

This market will resolve to "Yes" if the US government sells any of its Bitcoin by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be information from the US government and on-chain data, however a consensus of credible reporting will also be used.

Will the US Government sell Bitcoin by December 31?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q2 2025 was negative, and the Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2025 is published, at which point it will resolve to "Yes" if Q4 2025 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession in 2025?

This market will resolve to "Yes" if a U.S government funding lapse occurs on October 1, 2025, 12:00 AM ET. Otherwise, this market will resolve to "No".

A funding lapse is defined as the President failing to sign the relevant bill(s) extending government funding by September 30, 11:59 PM ET. If a bill extending the funding of the U.S. government is passed and signed by the acting President before October 1, 2025, 12:00 AM ET, this market will resolve to "No".

For this market to resolve to "Yes" any funding lapse will count. If only a portion of the US government is covered by any signed bill(s) extending funding of the US government, and a portion of the US government goes unfunded, this market will still resolve to "Yes".

The primary resolution for this source will be official information from the US government, however a consensus of credible reporting may also be used.

U.S. Government funding lapse on October 1?

This market will resolve to "Yes" if a Fed governor announces they have resigned or will resign between August 8 and October 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

For this market to resolve to "Yes," it is only necessary that a governor announce that they have resigned or will resign. Whether they actually resign will have no bearing on the resolution of this market.

The primary resolution source for this market will be official information from the US federal government; however, a consensus of credible reporting will also be used.

Fed governor resigns by October 31?

This market will resolve according to how many days the U.S. Office of Personnel Management announces that the U.S. federal government is at least partially shut down due to a lapse in appropriations by December 31, 2025, 11:59 PM.

Days are counted based on notices checked at 10:00 AM ET each day. If the Office of Personnel Management announces a partial shutdown, this will count; however, announcements of office closures due to holidays or inclement weather will not qualify. 

If there are multiple government shutdowns during the relevant period, this market only applies to the first shutdown, as the market will resolve after the end of the first shutdown. Notices of emergency furloughs or impacted government operations count toward the shutdown days.  

If no shutdown occurs during the period, this market will resolve to "No shutdown".

The resolution source for this market will be the website of the U.S. Office of Personnel Management (https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/).

Will the federal government be shut down for 1–3 days in 2025?

This market will immediately resolve to "Yes" if the USDC marketcap is equal to or greater than 50% of USDT marketcap on any day by December 31, 2025. Otherwise, this market will resolve to "No."

This market will resolve based on CoinGecko's "historical data" section for each coin, currently available at https://www.coingecko.com/en/coins/usd-coin/historical_data#panel and https://www.coingecko.com/en/coins/tether/historical_data#panel respectively, specifically the daily "Market Cap" data.

The daily market cap data for any given date will be considered finalized once data for the following calendar day is published on CoinGecko’s “Historical Data” page for both USDC and USDT.

This market will resolve based on the specified CoinGecko chart, not according to other sources or spot markets.

Will USDC hit 50% of USDT market cap by December 31?

This market will resolve to "Yes" if the U.S. Office of Personnel Management announces that the U.S. federal government is shut down due to a lapse in appropriations by December 31, 2025, 11:59 PM. Otherwise this market will resolve to "No".

If the Office of Personnel Management announces a partial shutdown this will count, however announcements of office closures due to holidays or inclement weather will not qualify. 

The resolution source for this market will be the website of the U.S. Office of Personnel Management (https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/).

US government shutdown in 2025?

The Statement on Monetary Policy for the Bank of Japan's Monetary Policy meeting for October is scheduled to be released on October 30, 2025 (https://www.boj.or.jp/en/mopo/mpmsche_minu/m_ref/mref240731a.pdf).

This market will resolve to the amount of basis points the upper bound of the short-term policy interest rate is changed by versus the level it was prior to the Bank of Japan's October 2025 meeting.

If the short-term policy interest rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The primary resolution source for this market will be the official website of the Bank of Japan (https://www.boj.or.jp/en/mopo/mpmdeci/state_2025/index.htm), however a consensus of credible reporting may also be used.

This market may resolve as soon as the Bank of Japan's statement for their October meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

No change in Bank of Japan's interest rates after October 2025 meeting?

This market will resolve to "Yes" if legislation that reduces the federal long-term capital gains tax rate for the highest bracket is signed into law by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A reduction to the top income bracket for long term capital gains tax (20%) within market timeframe will be sufficient to resolve this market to "Yes". The reduction must apply to the federal long-term capital gains tax rate for individuals and can take effect outside of this market's timeframe.

Temporary reductions or breaks, or changes that do not directly lower the tax rate, such as adjustments to brackets or deductions, will not count.

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Will Trump cut long term capital gains tax in 2025?

This market will immediately resolve to "Yes" if the USDT marketcap is equal to or greater than the value specified in the title on any day by December 31, 2025. Otherwise, this market will resolve to "No."

This market will resolve based on CoinGecko's "historical data" section for USDT, currently available at https://www.coingecko.com/en/coins/tether/historical_data#panel respectively, specifically the daily "Market Cap" data.

The daily market cap data for any given date will be considered finalized once data for the following calendar day is published on CoinGecko’s “Historical Data” page.

This market will resolve based on the specified CoinGecko chart, not according to other sources or spot markets.

Will USDT market cap hit $200B by December 31?

This market will resolve to "Yes" if the U.S. national debt reaches the listed value this year at any point by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be the U.S. Treasury Department (https://www.treasurydirect.gov/NP_WS/debt/current). If treasurydirect.gov/NP_WS/debt/current becomes unavailable, another credible source will be used.

Will the U.S. national debt hit $38 trillion in 2025?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to establish a de minimis tax exemption on cryptocurrency transactions by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If the tax exemption only applies for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.


Trump enacts a de minimis crypto tax exemption before 2026?

This market will resolve to "Yes" if Donald J. Trump, as President of the United States, signs into law a bill that lowers the maximum individual tax rate below 37% at any point between January 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Note that the cut does not need to go into effect before the resolution date - it just needs to be signed into law by then.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.



Will Trump cut taxes on high earners in 2025?

This market will resolve to "Yes" if the U.S. national debt surpasses 38 trillion dollars at any point before December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be the U.S. Treasury Department (https://www.treasurydirect.gov/NP_WS/debt/current). If treasurydirect.gov/NP_WS/debt/current becomes unavailable, another credible source will be used. 


Will U.S. National debt surpass $38 trillion in 2025?

This market will resolve to "Yes" if the U.S. Office of Personnel Management announces that the U.S. federal government is shut down due to a lapse in appropriations by October 1, 2025, 11:59 PM. Otherwise this market will resolve to "No".

If the Office of Personnel Management announces a partial shutdown this will count, however announcements of office closures due to holidays or inclement weather will not qualify. 

The resolution source for this market will be the website of the U.S. Office of Personnel Management (https://www.opm.gov/policy-data-oversight/snow-dismissal-procedures/current-status/).

US government shutdown by October 1?

This market will resolve to "Yes" if the Bureau of Labor Statistics (BLS) ceases regular publication of any of the following reports: monthly Employment Situation reports (nonfarm payrolls and unemployment rate), Consumer Price Index (CPI), Producer Price Index (PPI), Employment Cost Index, Job Openings and Labor Turnover Survey (JOLTS), by December 31, 2025 at 11:59 PM ET. Otherwise, it will resolve to "No."

For purposes of this market, “ceases regular publication” means any of the following:

- The BLS officially announces it will no longer publish the report on its regular schedule.
- The BLS misses three consecutive scheduled releases of the report without providing the data within 30 days of each scheduled release date.
- The BLS announces that the report is discontinued, terminated, or permanently suspended.
- Legislative or executive action explicitly prohibits or defunds the publication of the report.

The following do NOT qualify as cessation:
- Temporary delays or postponements followed by subsequent publication (including delays caused by government shutdowns).
- Changes in methodology, seasonal adjustment, or calculation methods while continuing publication.
- Changes in publication frequency (e.g., monthly to quarterly) while maintaining regular releases.
- Format changes (e.g., digital-only, layout changes).
- Publishing preliminary or partial data with full data forthcoming.
- Changes to specific components within a report while the overall data series continues.
- Combining the report with other reports while still publishing the underlying data.
- BLS delays the jobs report due to a shutdown, then publishes it.
- BLS changes CPI methodology but continues publishing monthly CPI.
- BLS shifts employment data from monthly to quarterly.
- The Federal Reserve begins publishing employment data while BLS continues its own.
- BLS website outage delays posting, but data is released via other channels.
- BLS publishes preliminary data pending final adjustments.

The primary resolution source will be a consensus of credible reporting. 

Will BLS stop reporting payroll data this year?

This market will resolve to "Yes" if the Federal Open Market Committee (FOMC) holds an emergency meeting after which the upper bound of the target federal funds rate is lowered between January 1 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

An emergency meeting is defined as any unscheduled meeting called by the Federal Reserve Board or the Federal Open Market Committee (FOMC) apart from the regular eight pre-scheduled meetings for 2025.

The resolution source will be official announcements from the Federal Reserve’s website (federalreserve.gov) or credible news sources reporting on the emergency meeting.

Fed emergency rate cut in 2025?

This market will resolve to the amount of basis points the target for the overnight rate is changed by versus the level it was prior to the Bank of Canada's October 2025 meeting.

If the target for the overnight rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 basis points and will resolve to the relevant bracket. For example, if the deposit facility rate is increased or decreased by 12.5 basis points, it will be treated as a 25 basis point change for the purposes of resolution.

The resolution source for this market is information released by the Bank of Canada after its October 29, 2025 policy meeting, as listed on the official Bank of Canada calendar: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#target-dates

This market may resolve as soon as the Bank of Canada's statement for their October meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Will the Bank of Canada announce a 25 bps decrease at the October meeting?

This market will resolve to "Yes" if Donald J. Trump, as President of the United States, signs into law a bill that lowers the corporate tax rate in the United States below 21% at any point between January 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Note that the cut does not need to go into effect before the resolution date - it just needs to be signed into law by then.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.



How much spending will DOGE cut in 2025?

<$50B
$203,271 Vol.
96%

$50-100B
$304,418 Vol.
2%

$100-150B
$217,927 Vol.
<1%

$150-200B
$244,717 Vol.
<1%
0123456789
%

$200-250B
$389,730 Vol.
1%

>$250B
$638,496 Vol.
2%

Market Context

How much spending will DOGE cut in 2025?

Rules

How much spending will DOGE cut in 2025?

Market Context

How much spending will DOGE cut in 2025?

About

Related

How much spending will DOGE cut in 2025?

<$50B$203,271 Vol.96%

$50-100B$304,418 Vol.2%

$100-150B$217,927 Vol.<1%

$150-200B$244,717 Vol.<1%0123456789%

$200-250B$389,730 Vol.1%

>$250B$638,496 Vol.2%

Market Context

How much spending will DOGE cut in 2025?

Rules

How much spending will DOGE cut in 2025?

Market Context

How much spending will DOGE cut in 2025?

About

Related

<$50B
$203,271 Vol.
96%

$50-100B
$304,418 Vol.
2%

$100-150B
$217,927 Vol.
<1%

$150-200B
$244,717 Vol.
<1%
0123456789
%

$200-250B
$389,730 Vol.
1%

>$250B
$638,496 Vol.
2%