It’s not just barrels that oil markets are watching – it’s odds
A prolonged oil rally is bad news for rate-cut expectations, especially in Asia where policymakers were hoping for some breathing room
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[SINGAPORE] When even Goldman Sachs is tracking crypto-based prediction platform Polymarket to get a read on the risks facing oil markets, you know something’s shifted.
On Monday (Jun 23), Goldman Sachs warned that Brent could hit US$110 a barrel if the Strait of Hormuz is blocked, citing Polymarket, showing how even prediction markets with low liquidity may be shaping sentiment.
But while some are treating this Manhattan-based market platform as a new kind of geopolitical barometer, others like Singapore continue to keep its doors shut on grounds that it’s an illegal gambling site.
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