Prediction-market traders today sharply raised the implied odds of a Federal Reserve rate hike, one day before the central bank’s two-day July meeting begins. On Polymarket—a prediction market where contract prices behave like crowd-implied probabilities—the “no change” outcome fell 8.9 percentage points to 73.25% in the last 24 hours. A 25-basis-point increase jumped 9.7 points to 26.65%, with $100.83 million traded overall and $5.78 million in the past 24 hours.