Prediction markets are heating up around the Fed leadership race. Kevin Hassett has emerged as the frontrunner with a 70% probability of becoming the next Federal Reserve chair, according to trading data from Kalshi. The former White House economic advisor's potential appointment is drawing significant attention from traders positioning themselves ahead of what could be a major shift in U.S. monetary policy direction. Markets are clearly pricing in the possibility of a more administration-friendly Fed leadership under the current political landscape.