Name: Will Elon cut the budget by at least 5% in 2025?
Start: 2025-02-05T23:18:03.660784Z
End: 2026-02-28T12:00:00Z

test_feature

Use the internal polymarket geolocation service.

poly_geo

Improved notification preferences and types.

notifications_v2

funkit_deposit

mobile_trading_v2

authenticated_book_ws

in_game_sports_trading

preferred_sports_odds_format

live_chat

buy_sell_widget_v3

mobile_buy_sell_widget_v3

sell_on_portfolio

Enable updates from the sports websocket.

sports_websocket

march_madness_2025

Improved in-game view for sports markets.

mobile_sports_overlay_v2

async_order_submission

Improved websocket for market trade data.

live_data_clob_market_websocket

live_data_clob_user_websocket

funkit_withdraw

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?

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 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).

Will Elon and DOGE cut less than $50b in federal spending 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?

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 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 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 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 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?

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 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 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?

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 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 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 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 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 either of the following conditions are met:

1.  The C.D. Howe Institute’s Business Cycle Council publicly announces that a recession has occurred in Canada, 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 Canadian Real GDP (expenditure-based), chained (2017) dollars GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by Statistics Canada (StatCan).

Otherwise, this market will resolve to "No".

Note that any two consecutive, concurrent vintages indicating negative GDP growth will qualify, regardless of prior or later revisions. For example, if upon release, the initial estimate for Q2 2025 was negative, and 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 Statistics Canada publishes the initial estimate for Q4 2025, at which point it will resolve to "Yes" if Q4 2025 was negative or if the C.D. Howe Institute’s Business Cycle Council declares a recession by then.

The resolution source will be the official announcements from the C.D. Howe Institute’s Business Cycle Council and Statistics Canada’s estimate of seasonally adjusted annualized percent change in quarterly Canadian real GDP from previous quarters as released by Statistics Canada (e.g., as reported in the line “Gross domestic product at market prices” in Table 3 of the quarterly GDP release: https://www150.statcan.gc.ca/n1/daily-quotidien/250829/t003a-eng.htm)

Canada recession 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 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?

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?

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 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 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 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 US Internal Revenue Department ceases operations entirely by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the IRS is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the Internal Revenue Service it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

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.

Trump abolishes IRS in 2025?

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 resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate the federal tax exemption on interest from municipal bonds by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the exemption is eliminated only for specific types or classes of municipal bonds (e.g., only newly issued bonds, only bonds from certain states or localities, or only bonds purchased after a certain date), 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.

Will Trump remove municipal bond tax exemption in 2025?

This market will resolve to "Yes" if the US Department of Education ceases operations entirely, including the termination of all federal educational programs managed by the department, by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the US Department of Education is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the Department of Education it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

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 end Department of Education in 2025?

This market will resolve to "Yes" if Elon Musk officially announces that he is running for U.S. President in the 2028 presidential election, between June 5, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purpose of resolving this market, an announcement by Elon Musk will be sufficient to trigger a "Yes" resolution, regardless of whether he actually filed a nomination to run, or whether he actually files a nomination to run in the future.

The primary resolution source for this market will be official statements by Elon Musk (ex: via speech, social media, etc.) or his official or legal representatives, however a consensus of credible reporting may also be used.

Will Elon Musk announce Presidential run in 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 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 "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 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 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 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.



Will Trump cut corporate taxes in 2025?

This market will resolve to "Yes" if Elon Musk's net worth, as listed on the Bloomberg Billionaires Index, reaches or exceeds $1 trillion 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 Bloomberg Billionaires Index (https://www.bloomberg.com/billionaires/), however a consensus of credible reporting may also be used.


Elon Musk trillionaire 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 the US federal income tax is eliminated between January 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, "abolishing the federal income tax" means the elimination of federal income tax obligations for individuals in the US, not merely reductions, suspensions, or alterations to tax rates, brackets, or enforcement policies. The market will not consider executive orders, temporary measures, or proposals that do not become law.

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

Trump abolishes the Federal Income Tax in 2025?

This market will resolve to "Yes" if the United States federal government fails to make a scheduled payment on any Treasury note, bond, or bill at any point between April 8 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If Standard & Poor’s, Moody’s, or Fitch publicly classify any U.S. sovereign debt as being in default during the qualifying period this will qualify for a “Yes” resolution. 

The resolution source will be official information from the U.S. Department of the Treasury, Standard & Poor’s, Moody’s, and Fitch.

US defaults on debt in 2025?

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 to "Yes" if the President of the United States, any member of the Cabinet of the United States, any member of the Joint Chiefs of Staff, or any US federal agency definitively states that extraterrestrial life or technology exists by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

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.

Will the US confirm that aliens exist 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 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?

This market will resolve to "Yes" if the Trump Administration (including any federal court) publicly releases any files pertaining to the illegal activities of Jeffrey Epstein, which weren’t previously public between August 25 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Only files which were created prior to the start of the Trump Administration (January 20, 2025, 12:00 PM ET) will qualify. 

Announcements of declassifications or releases that are not implemented within this market's timeframe will not qualify.

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.


Will Trump release more Epstein files in 2025?

During the 2024 FY ICE removed 271,484 non citizens (see: https://www.ice.gov/doclib/eoy/iceAnnualReportFY2024.pdf).

This market will resolve to "Yes" if U.S. Immigration and Customs Enforcement (ICE) removes 750,000 or more non citizens in the 2025 fiscal year. Otherwise, this market ill resolve to "No".

The resolution source will be the FY 2025 ICE Annual Report. If the FY 2025 ICE Annual Report is not published by February 28, 2026, 11:59 PM ET, another credible resolution source will be used. 

Will Trump deport 750,000 or more people in 2025?

This market will resolve to "Yes" if a U.S. bank with total assets exceeding $50 billion as of December 31, 2024 (see:https://www.federalreserve.gov/releases/lbr/current/), is bailed out by the U.S. federal government by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to “No”.

A bailout is defined as any of these actions in direct response to directly related to solvency, liquidity, or capital adequacy concerns.

-Establishing a Federal Reserve emergency lending facility
-Creating an FDIC-assisted resolution or bridge bank
-A U.S. Treasury capital injection
-A publicly disclosed, regulatory-facilitated acquisition

An official announcement from the U.S. government that they are taking any of these actions will qualify regardless of if/when the action occurs.
 
Routine access to standing facilities (such as the discount window or BTFP) or participation in stress tests, capital raises, or ordinary supervision will not on their own qualify. 

If a bank experiences distress but is acquired privately without public intervention or coordination, this will not qualify.

Major U.S. bank bailout in 2025?

This market will resolve to "Yes" if Donald Trump officially nominates or appoints Elon Musk to his administration between June 4, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The Trump administration includes individuals formally appointed or nominated by Donald Trump to roles within the U.S. federal government, such as Cabinet members, Executive Office staff, senior policy advisors, ambassadors, or White House staff whose appointments are publicly announced by official government channels.

Nominations will qualify even if the individual is not confirmed.

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

Will Elon Musk rejoin the Trump Administration this year?

This market will resolve to “Yes” if the upper bound of the Bank of England's Bank Rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the Bank of England (https://www.bankofengland.co.uk/), however a consensus of credible reporting may also be used.

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

Order Book

Market Context

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

Rules

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

Order Book

Market Context

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

About

Related