Holding Your Breath For Trump To Cap Credit Card Rates This Year? Here's What The Prediction Market Says - Capital One Financial (NYSE:COF)

Group 1 - President Trump issued an ultimatum to credit card companies to lower rates to 10% by January 20, but the deadline has passed without any cap being implemented [1][2] - Senator Elizabeth Warren criticized Trump's failure to fulfill his promise regarding credit card rates in an op-ed [2] - The prediction market indicates that over $225,000 has been wagered on whether credit card rates will be capped by January 1, 2027, with current predictions showing only an 18% chance of a cap being implemented [2][3] Group 2 - There is significant opposition to Trump's proposal for capping credit card rates, with concerns raised by economists and Republican leaders about potential negative impacts [4] - Experts warn that a cap on credit card rates could lead to reduced access to credit and negatively affect industries that rely on credit card rewards [4]