Cryptocurrency bettors doubt traffic through the Strait of Hormuz will normalize by the end of the month amid President Donald Trump’s threat to seize control of the critical oil shipping route.
No Signs Of Normalcy Soon Polygon (CRYPTO: POL)-based Polymarket shows 7% chance of normal traffic resuming on the vital waterway by June 30, down from 8% the day before, and 27% from a week ago.
Over $31 million has been wagered on this keenly watched bet.
The market resolves to "Yes" if IMF Portwatch reports a 7-day moving average of transit calls for the route of at least 60.
A transit call in the context of the Strait of Hormuz refers to a single registered voyage or passage of a commercial ship, including oil tankers or cargo vessels.
