Trader Buys $3.09 Million Fed September Rate-Hike Position on Polymarket

PPP market monitoring shows that an account with more than $400,000 in cumulative profits bought a $3.09 million position on whether the Federal Reserve will raise rates by 25 basis points in September on Polymarket. According to Odaily, the account opened the position at an average price of 54.3 cents and bought 3,891,751.5 shares. The same account also holds about $3.07 million in a position on whether the Fed will not cut rates by 25 basis points in September. According to Odaily, that position was opened at an average price of 98.2 cents, with 3,088,869.0 shares purchased. The market will settle based on the Fed's rate change after the September 2026 FOMC meeting. If the rate move is not one of the listed options, it will be rounded up to the nearest 25 basis points. If no related statement is released before the meeting ends, the event will settle as unchanged. The next FOMC meeting is scheduled for September 15-16, 2026.