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
Please consider opening this market throughout 2026. It seems that there were still recessions in both 2001 and 2008 financial crisis despite there being positive GDP at the same time for both periods. The NBER also said the recession started in 2007 which was later declared a year after
not how recession under the "two quarters rule" is calculated. Real GDP is GDP growth - inflation. Real GDP decreasing for two quarters is the unofficial definition of recession. Printing 7 trillion dollars causes inflation.
It takes 1-2 years for newly printed debt to make its way into inflation numbers while it only takes a few months for it to make its way into growth numbers. That aside, the GDP adjustment is based on US inflation. Most of the credit creation globally through the first half of this year has been abroad. US companies/exports/growth numbers get a boost from credit expansion abroad in a variety of ways (often at the expense of the countries expanding credit).
We are already in a recessionary environment as defined by 2 consecutive quarters of negative GDP. The reason our GDP was positive was due to the reduction in import skewing the numbers. In normal economic conditions, our GDP reading would’ve been -1
I thought so too but its not true. Its true that imports are included in the formula - GDP = C + I + G + (X-M) - as M but they are also in C, I and G. That way imports are canceled out. There are other GDP formulas which dont include imports at all.
Somehow the recession in 2025 odds is higher than the Q3 negative GDP odds. People think 2 quarters of negative prints are more likely than just 1? Or Q2 would be adjusted to negative? what a weird place this is.
For some reason there is an incorrect consensus that a recession is two quarters of decreasing GDP, when a recession is actually whenever the independent NBER says it is. People also believe that we can't be revised into recession like in 2008.
In over 100 years of operation the NBER has only declared a recession without 2 quarters of negative GDP 1 time, and it was in 2008 with the worst economic data coming out you could possibly think of. Per the rules they also only have until the end of this year to announce so they can't revise it. Once Q3 GDP comes in positive this bet will sit at 97c
yes it will resolve negative at 01/01/26 if nothing ever happens, but they could revise 2024 or early-mid 2025 into reccession. I believe this is unlikely, but more likely than a 15% chance. The june jobs report was bad before revision, it showed negative private sector growth outside of uber drivers and taking care of old people. It showed unemployment was decreasing because people were exiting the labor market. It was then revised down into a godawful jobs report.
For everyone wondering why we keep getting positive prints and stock ATHs after tariffs and global debt/war chaos: please see a global total m2 chart. Cash is king.
Unfortunately for all the YES's, the definition of a recession is manipulable. Yes officially it's "Two consecutive quarters of negative GDP growth." However GDP is an imperfect statistical measure used by governments to make claims rather than inform the public. The odds are stacked against the YESes in this post-truth economy.
Don't bet on this site. It's all a scam. Despite many entities, including an official Polymarket account, declaring it a suit, it still seems as though the market may resolve to claim that 'No." https://protos.com/zelenskyy-suit-polymarket-dispute/
Trump killing Canada trade deal, impact of tariffs coming in the next months, higher prices will impact demand... economic data in the coming weeks and months will be terrible. Expect NFP easy below 100k next week
6 months left of the year, 2 consecutive quarters of negative economic growth... It's sorta over yes holders, unless you deem the next 6 months to be the bleakest in recent history. I would not be paying close to 30c here. More like 2c.
Q2 will be positive, no doubt about that... but Q3 and Q4 the effects of higher prices, tariffs and slowdown will arrive... recession odds should be in the high 30s imho... i see it 40 yes - 60 no.
I have found a value bet Will the US strike the Fordow nuclear facility before July For me it should be sixty NO instead of forty My opinion is NO as many factors reduce the chance of this happening see the rules the attack must penetrate and not be neutralized Technical Limitations Fordow is underground protected by concrete and rock built to resist drones and conventional bombs Only a bunkerbuster bomb like GBU fifty seven MOP could destroy it These bombs are rare risky and their failure would hurt Trump politically He is unlikely to use them unless under extreme pressure Political and Geopolitical Context Many Republicans MAGA and Congress members want to avoid another war Trump prefers to avoid a long conflict or new fronts with Russia and China Russia and others warn of major escalation and nuclear risk US intel says Iran is not actively making nuclear weapons so justification is weak.
Take a look at Iran's bet that it will end uranium enrichment before August. It's wonderful; the option is NOT significantly undervalued. Just read the rules and draw your own conclusion
A lot of people are underestimating how quickly a recession can happen… It’s slow at first, then the tipping point is reached and it’s out of control. We have not yet reached that tipping point
Amount
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70%
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