The odds of President Trump announcing a ceasefire between the U.S. and Iran have plummeted as the U.S. and Iran have started exchanging strikes.
While a deal was expected to be announced soon, Iran downed an American Apache helicopter on Monday, prompting Trump to call for a "very strong response." Here's What Prediction Market Is Saying Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) stablecoin, is currently betting on a contract "Trump announces US x Iran ceasefire over by…?" Over $1.5 million has been bet on the contract so far.
The odds of a deal being announced by June 12 have recorded a 43% decrease and bettors see a 7% probability of a deal by this date.
According to bettors, a deal is unlikely by June 15, placing a 15% probability on this date, down by 35%.
The odds of a deal by June 30 are higher at 31%, but they have also recorded a decline of 22%.
