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?

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 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 100-150k 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 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 $100b and $200b in revenue 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 according to the exact amount of cuts of 25 basis points in 2026 by the Fed (including any cuts made during the December meeting).

Emergency rate cuts outside of scheduled FOMC meetings will also count toward the total number of cuts in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.

For example, if the Fed cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each).

This market will resolve early to "No" if the specified number of cuts becomes impossible — i.e., if more cuts have already occurred than the strike in question.

Note that cuts between 1–24 bps (inclusive) will also be considered 1 rate cut.

The resolution source for this market will be FOMC statements after meetings scheduled in 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

Will 3 Fed rate cuts happen in 2026?

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?

The FED interest rates are defined in this market by the lower or 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 to “Yes” if the lower or the upper bound of the target federal funds rate reaches the specified level at any point by December 31, 2026, 12:59 PM ET. Otherwise, this market will resolve to “No.”

Emergency rate cuts and hikes outside the regularly scheduled meetings will be considered.

The resolution source for this market is the official website of the Federal Reserve at:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the relevant data showing the reached level is published.

Will the Fed’s lower bound reach 3.5% or lower before 2027?

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?

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?

The next Federal Open Market Committee (FOMC) meeting is scheduled for December 9–10, 2025. The policy decision will be announced at 2:00 PM Eastern Time on December 10, followed by the Fed Chair’s press conference at around 2:30 PM ET.

This market will resolve according to both the number of dissenting votes recorded at the next Federal Reserve Open Market Committee monetary policy meeting, specifically those dissenting on the Fed Funds Rate decision, and the amount of basis points the upper bound of the target federal funds rate is changed by versus the level prior to the meeting.

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 9–10, 2025, according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

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.

If the FOMC changes the upper bound of the target federal funds rate by an amount that is within 12.5 basis points of either “No change” or a “25bp cut,” the change will be rounded to the corresponding listed bracket (e.g., a 12.5-bp change is rounded to a 25-bp cut).

If any change is announced that is not listed, including any non-standard increment that cannot be rounded to a listed bracket under the rule above, this market will resolve to “Other.”

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

This market may resolve as soon as the FOMC’s statement for the December 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.

This market will resolve to the combined outcome corresponding to both the rate decision (No change / 25bp cut / Other) and the number of dissents (≤2 / >2) as expressed in the displayed strike options.

Will the December 2025 FOMC decision result in a 25bp cut with >2 dissents?

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 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, between “No Change” and “25 bps decrease”, “No Change” becomes the favorite in the Dec 10, 2025 Fed decision market (https://polymarket.com/event/fed-decision-in-december) for any 4 hour period ending December 9, 2025, 11:59PM ET or earlier. Otherwise, this market will resolve to “No”.

“No Change” will be considered to have become the favorite for a four hour period if it is ahead of “25 bps cut / 25 bps decrease” in more individual minutes than “25 bps cut / 25 bps decrease” is ahead of “No Change” during the period.

The resolution source will be the underlying minute-level price data for the Dec 10, 2025 “Fed decision in December?” market, which can be viewed using the bar chart on Federivative (https://federivative.polymarket.com/) with the range set to "6H" and the candle set to “1m” or through the “Resolution” tab on Federivative with the time set to look at a specific four hour window. This will display the 4-hour scoring window and the underlying minute-level comparisons. Both interfaces display the same underlying data.

Fed Derivative: "No Change" flips "25bps cut" by December 9?

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 according to China's Y/Y Growth Rate of Gross Domestic Product (GDP) in the "Preliminary Accounting Results of GDP" release for Q4 of 2025, scheduled for some time in January, 2026.

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

The GDP release will be made available here: https://www.stats.gov.cn/english/PressRelease/

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available month.

Note: data from the initial release of the referenced GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release will not be considered for this market's resolution.

Will China GDP growth in Q4 2025 be between 4.5% and 5.0%?

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 either of the following conditions is met:

1.  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 Q2 2025 and Q4 2026 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

2.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point during 2025 or 2026, with the announcement made by the time the BEA releases the advance estimate for Q4 2026.

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q3 2025 was negative, and the Q2 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2026 is published, at which point it will resolve to "Yes" if Q4 2026 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 by end of 2026?

This market will resolve according to the EU GDP growth rates over the same quarter of the previous year % change, based on seasonally adjusted data, in the "GDP and employment flash estimates for the fourth quarter of 2025" flash release for Q4 of 2025, scheduled for January 30, 2026.

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

The GDP release will be made available here: https://ec.europa.eu/eurostat/web/main/news/euro-indicators

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available quarter.

Note: data from the initial release of the referenced flash GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release of the specified report will not be considered for this market's resolution.

Will Eurozone GDP growth in Q4 2025 be between 0.0 and 0.5%?

This market will resolve according to the UK real gross domestic product (GDP) compared with the same quarter a year ago in the "GDP First quarterly estimate, UK" release for Q4 of 2025, scheduled for February 12, 2026, 7:00 AM.

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

The GDP release will be made available here: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpfirstquarterlyestimateuk/previousreleases

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available quarter.

Note: data from the initial release of the referenced GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release will not be considered for this market's resolution.

Will UK GDP growth in Q4 2025 be between 1.5% and 2.0%?

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.

How much spending will DOGE cut in 2025?

<$50B
$253,725 Vol.
97%
0123456789
%

$50-100B
$344,143 Vol.
2%
0123456789
%

$100-150B
$265,106 Vol.
<1%

$150-200B
$292,556 Vol.
<1%
0123456789
%

$200-250B
$411,710 Vol.
<1%

>$250B
$654,912 Vol.
1%
0123456789
%

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$253,725 Vol.97%0123456789%buy Yes98.0¢buy No3.7¢

$50-100B$344,143 Vol.2%0123456789%buy Yes2.3¢buy No99.2¢

$100-150B$265,106 Vol.<1%buy Yes0.4¢buy No99.8¢

$150-200B$292,556 Vol.<1%0123456789%buy Yes0.3¢buy No99.8¢

$200-250B$411,710 Vol.<1%buy Yes0.3¢buy No99.9¢

>$250B$654,912 Vol.1%0123456789%buy Yes1.0¢buy No99.4¢

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
$253,725 Vol.
97%
0123456789
%

$50-100B
$344,143 Vol.
2%
0123456789
%

$100-150B
$265,106 Vol.
<1%

$150-200B
$292,556 Vol.
<1%
0123456789
%

$200-250B
$411,710 Vol.
<1%

>$250B
$654,912 Vol.
1%
0123456789
%