Cryptocurrency punters have slightly upped the odds for a U.S. invasion of Iran amid the latest bout of hostilities between the two countries.
What Are Prediction Markets Saying?
Polygon (CRYPTO: POL)-based Polymarket has priced in a 17% chance of the invasion by Dec. 31, up 3 percentage points over the last 24 hours. At its April peak, the odds climbed to 68%.
Over $40 million has been wagered on the outcome, making it one of Polymarket’s top draws. The market resolves if the U.S. initiates a military operation to establish control over any portion of Iran.
Meanwhile, the odds of the extension of the 60-day negotiation period toward a final deal tumbled from 57% to 49% over the last 24 hours
