Polymarket Bets on Trump Nominee Confirmations, $16.7M in Trades

Polymarket, a popular prediction market platform, has garnered a trading volume of $16.7 million on bets related to the confirmation of President Trump's nominees. According to a report by Odaily, a specific market focusing on "Which of Trump's nominations will be confirmed?" has attracted considerable attention and investment.Among the notable confirmations is hedge fund manager Scott Bessent, known for his supportive stance on cryptocurrencies, who has been confirmed as Treasury Secretary. This confirmation has sparked interest among Polymarket users, who are actively betting on the outcomes of several other nominations.Despite the high stakes and interest in the finance sector, notably absent from the list are nominees directly from the cryptocurrency field, such as Paul Atkins, who is tipped to be the chairman of the U.S. Securities and Exchange Commission (SEC). The absence of cryptocurrency-specific nominees in these bets highlights the ongoing separation between traditional financial appointments and the emerging crypto sector in governmental roles.