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The odds of a Fort Knox gold audit before May surged above 70% on Polymarket as US President Donald Trump confirmed a plan to check its gold reserves.
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The odds of a Fort Knox gold reserve audit taking place by May 2025 surged on prediction markets after US President Donald Trump confirmed his administration’s intention to conduct the audit.
Trump spoke out on the Fort Knox audit during a flight to Washington on Feb. 19, stating that his administration is planning a visit to the vault to check the gold reserves, the Associated Press reported.
Source: Elon Musk
“We’re going to go into Fort Knox to make sure the gold is there,” Trump declared, confirming the initiative that was originally spearheaded by the libertarian financial blog ZeroHedge and then supported by Kentucky Senator Rand Paul and Tesla CEO Elon Musk.
Trump’s latest Fort Knox remarks fueled betting activity on the cryptocurrency-based prediction market platform Polymarket, which listed several related markets on Feb. 17.
“If the gold isn’t there, we’re going to be very upset”
Addressing a question on the implications of missing gold reserves, should the audit discover some, Trump expressed hope that “everything is fine with Fort Knox.”
While not directly mentioning concerns behind the audit, Trump stated: “If gold isn’t there, we’d be very upset.”
Source: Senator Cynthia Lummis
Trump’s remarks on the Fort Knox audit appear to be his first public statement on the vault’s gold reserve since he was sworn in as the 47th US president on Jan. 20.
The audit would mark the first review of Fort Knox’s gold reserves since 1974.
Related: 2025 XRP ETF approval odds hit 81% on Polymarket
The question of the Fort Knox audit has been widely supported by the crypto community, with many suggesting that the sole process of the gold audits is a bullish event for Bitcoin (BTC), which can be audited freely 24/7 and cannot be faked, unlike gold.
Trump sends Polymarket bets on Fort Knox audit above 70%
Following Trump’s confirmation, the odds of a Fort Knox audit occurring before May 2025 surged past 70% on Polymarket.
At the time of writing, Polymarket bettors have assigned a 64% probability to the audit happening, up from 55% the previous day.
Polymarket’s prediction market chart “Will DOGE audit Fort Knox before May?” Source: Polymarket
Another Polymarket market speculating on whether the audit will reveal missing gold reserves has also seen increased activity, with current odds showing a 17% chance of missing assets.
Meanwhile, prediction market platform Kalshi is reportedly preparing to launch its own Fort Knox-related betting markets. Kalshi’s head of growth, Brandon Beckhardt, indicated that these markets may go live as early as Feb. 20.
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This article first appeared at Cointelegraph.com News
