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What will happen before Kevin Warsh is confirmed?

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Geopolitics·Trump

What will happen before Kevin Warsh is confirmed?

$230,308 Vol.

Oct 31, 2026
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$230,308 Vol.

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This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate. The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.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 before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. The primary resolution source for this market will be official information from the U.S. Senate and the government of the United States, however a consensus of credible reporting will also be used.This market will resolve to "Yes" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in direct military engagement, between the United States and Iran before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. For the purposes of this market, an “official ceasefire agreement” requires clear public confirmation from both the United States government and the government of Iran that they have agreed to halt military hostilities against one another. If the agreement is officially reached before Kevin Warsh is confirmed as Fed Chair, this market will resolve to “Yes,” regardless of whether the ceasefire officially takes effect. Any form of informal understanding, backchannel communication, de-escalation without an announced agreement, or unilateral pause in hostilities will not be considered an official ceasefire. Humanitarian pauses, limited operational pauses, or temporary tactical stand-downs will not count toward the resolution of this market. A broader peace deal, normalization agreement, or political framework will qualify only if it includes a publicly announced and mutually agreed halt in military engagement between the United States and Iran, effective on a specified date, or otherwise confirmed by an overwhelming consensus of credible reporting. Agreements that outline future negotiations or de-escalation measures without an explicit, dated commitment to stop fighting will not qualify. The primary resolution sources for this market are official information from the U.S. Senate and official statements from the United States government and the government of Iran. However, a wide consensus of credible media reporting confirming that an official ceasefire agreement has been reached or a consensus of credible reporting that Warsh has been confirmed will suffice.This market will resolve to "Yes" if Iran officially announces a successor to Ali Khamenei as Supreme Leader before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. An announcement of a successor to Ali Khamenei as Supreme Leader will qualify regardless of if/when the announced replacement actually becomes the next Supreme Leader, or otherwise assumes the highest government position of Iran. The primary resolution sources for this market are official information from the U.S. Senate and a consensus of credible reporting.The Senate Banking Committee advanced President Trump's nomination of former Fed Governor Kevin Warsh as Federal Reserve Chair on a 13-11 party-line vote April 29, clearing a key procedural hurdle ahead of a full Senate confirmation expected the week of May 11, just before Jerome Powell's term ends May 15. Warsh's April 21 confirmation hearing featured scrutiny over Fed independence, inflation policy, and balance sheet reduction, with bipartisan support emerging from Sens. Thom Tillis (R-NC) and John Fetterman (D-PA) amid a paused DOJ probe into Powell. Opposition persists from Sen. Elizabeth Warren (D-MA), potentially prompting holds or amendments, while traders monitor for nomination withdrawal, competing nominees, or executive actions that could alter the path to confirmation.

This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No".

If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No".

Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify.

Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate.

The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.
Volume
$230,308
End Date
Oct 31, 2026
Market Opened
Mar 4, 2026, 12:27 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate. The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.
This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate. The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.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 before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. The primary resolution source for this market will be official information from the U.S. Senate and the government of the United States, however a consensus of credible reporting will also be used.This market will resolve to "Yes" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in direct military engagement, between the United States and Iran before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. For the purposes of this market, an “official ceasefire agreement” requires clear public confirmation from both the United States government and the government of Iran that they have agreed to halt military hostilities against one another. If the agreement is officially reached before Kevin Warsh is confirmed as Fed Chair, this market will resolve to “Yes,” regardless of whether the ceasefire officially takes effect. Any form of informal understanding, backchannel communication, de-escalation without an announced agreement, or unilateral pause in hostilities will not be considered an official ceasefire. Humanitarian pauses, limited operational pauses, or temporary tactical stand-downs will not count toward the resolution of this market. A broader peace deal, normalization agreement, or political framework will qualify only if it includes a publicly announced and mutually agreed halt in military engagement between the United States and Iran, effective on a specified date, or otherwise confirmed by an overwhelming consensus of credible reporting. Agreements that outline future negotiations or de-escalation measures without an explicit, dated commitment to stop fighting will not qualify. The primary resolution sources for this market are official information from the U.S. Senate and official statements from the United States government and the government of Iran. However, a wide consensus of credible media reporting confirming that an official ceasefire agreement has been reached or a consensus of credible reporting that Warsh has been confirmed will suffice.This market will resolve to "Yes" if Iran officially announces a successor to Ali Khamenei as Supreme Leader before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. An announcement of a successor to Ali Khamenei as Supreme Leader will qualify regardless of if/when the announced replacement actually becomes the next Supreme Leader, or otherwise assumes the highest government position of Iran. The primary resolution sources for this market are official information from the U.S. Senate and a consensus of credible reporting.The Senate Banking Committee advanced President Trump's nomination of former Fed Governor Kevin Warsh as Federal Reserve Chair on a 13-11 party-line vote April 29, clearing a key procedural hurdle ahead of a full Senate confirmation expected the week of May 11, just before Jerome Powell's term ends May 15. Warsh's April 21 confirmation hearing featured scrutiny over Fed independence, inflation policy, and balance sheet reduction, with bipartisan support emerging from Sens. Thom Tillis (R-NC) and John Fetterman (D-PA) amid a paused DOJ probe into Powell. Opposition persists from Sen. Elizabeth Warren (D-MA), potentially prompting holds or amendments, while traders monitor for nomination withdrawal, competing nominees, or executive actions that could alter the path to confirmation.

This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No".

If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No".

Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify.

Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate.

The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.
Volume
$230,308
End Date
Oct 31, 2026
Market Opened
Mar 4, 2026, 12:27 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate. The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.

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Frequently Asked Questions

"What will happen before Kevin Warsh is confirmed?" is a prediction market on Polymarket with 4 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "US x Iran Ceasefire" at 100%, followed by "New Supreme Leader of Iran" at 100%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 100¢ implies that the market collectively assigns a 100% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "What will happen before Kevin Warsh is confirmed?" has generated $230.3K in total trading volume since the market launched on Mar 4, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "What will happen before Kevin Warsh is confirmed?," browse the 4 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "What will happen before Kevin Warsh is confirmed?" is "US x Iran Ceasefire" at 100%, meaning the market assigns a 100% chance to that outcome. The next closest outcome is "New Supreme Leader of Iran" at 100%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "What will happen before Kevin Warsh is confirmed?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.