President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed the interim ceasefire agreement, giving both sides 60 days to agree to a permanent peace deal.
The agreement extends the ceasefire announced in April by 60 days and includes the resumption of shipping through the Strait of Hormuz without any charges.
Here's What Prediction Market Is Saying As the two sides have signed the interim agreement, the prediction market is now hopeful that shipping through the Strait of Hormuz will return to normal by July 31.
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 "Strait of Hormuz traffic returns to normal by July 31?" Over $6.1 million has been bet on the contract so far.
Bettors have placed a 55% probability on shipping returning to normal by July 31, 2027, up by 2%.
