The United States on Monday waived sanctions on Iranian oil for 60 days as both sides work on a permanent peace during the period.

This has put some concerns around the 60-day interim peace deal at ease.

While the two sides will discuss a permanent peace deal during this period, the prediction market is not very confident about a final nuclear deal happening anytime soon.

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 "US-Iran Final Nuclear Deal by…?" Over $380,000 has been bet on the contract so far.

The bettors have placed a 5% probability on a final nuclear deal happening by July 31, down by 41%.