Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%. Before President Trump roiled markets with his tariff announcement last week,

Polymarket, an offshore betting platform, shows a 62% chance of a recession occurring in the U.S. this year, cooling down Monday afternoon after peaking at 66% on Sunday, when Goldman Sachs economists said they expect a recession to occur if the Trump administration goes through with its tariff rates.