The probability of a 25 basis point rate cut by the Federal Reserve has surged to 91% on the Polymarket platform.

According to Jinse Finance, Bitcoin.com News released a chart showing that after the U.S. Bureau of Labor Statistics released the August employment report, the probability of a 25 basis point rate cut by the Federal Reserve on the Polymarket platform surged to 91%, with a trading volume reaching $10.5 million.