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Betting markets are skeptical DOGE will accomplish some of its big goals
From a "DOGE dividend" to auditing the gold reserves at Fort Knox, Elon Musk's Department of Government Efficiency has laid out some ambitious plans to trim the federal budget.
Maybe too ambitious, at least according to betting markets.
Data from crypto-based event betting platform Polymarket, which became renowned for accurately predicting the outcome of the 2024 Presidential election, show bettors think the odds of DOGE delivering on some of its loftiest promises are low
That's despite aggressive initiatives from DOGE to date, including mass layoffs across various government agencies and the shuttering of the US Agency for International Development.
The official DOGE savings tracker claims to have already saved the government $65 billion. But that hasn't been enough to boost bettor's confidence that DOGE will reach some of its big objectives.
Here are the latest betting odds on the matter from Polymarket.
Read the original article on Business Insider