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Posted December 9, 2025 at 12:51 pm
Yesterday’s ForecastEx trading included a few block trades characterized by 10k contracts or more in a single transaction. Total volumes of 3.33 million on Dec. 8 were supported by an afternoon featuring single trades of 20k and 10k at 4:55 PM ET tied to whether Josh Shapiro will win the Democratic Nomination for US President in 2028. Meanwhile, at 4:45 PM ET and at 4:35 PM ET, we saw two single transactions of 15k and 10k connected to whether the Democratic Party will win a House of Representatives majority in the 2026 midterms and if the Fed will cut by 25 basis points tomorrow.



Despite the US Fed likely to reduce its interest rate tomorrow with a 93% degree of confidence, Canada is almost certainly going to pause, as its central bankers have signaled an extended halt in light of strengthening economic prospects and 2.2% inflation. Odds of a reduction in the US jumped from 26% in mid-November as a few voting members have voiced a need to support the labor market. But probabilities in Canada have remained north of 86% for several weeks against the backdrop of subdued volatility relative to its southern neighbor.

Source for images: ForecastEx
Note: Prices are highest bids as of the morning of Dec. 9, 2025.
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