Betting markets suggest Trump will pick pro-crypto adviser to lead Treasury

President-elect Trump has begun making selections to fill Cabinet positions within his incoming administration and betting markets have identified a clear front-runner for the Treasury secretary role.

Scott Bessent, the founder and CEO of investment firm Key Square Group who previously taught at Yale University, has been a key adviser to Trump's campaign.

Traders on Polymarket give Bessent an 83% chance of becoming the Treasury secretary nominee, while he has an 82% chance on Kalshi's prediction market.