Cryptocurrency punters are betting on an imminent U.S. military intervention in Iran amid reports of rising fatalities in the current turmoil and President Donald Trump’s repeated threats to invade.
Rising Stakes: US-Iran Conflict Now Likely?
The odds that the U.S. will strike Iran by Jan. 16 rose from 27% to 32% over the last 24 hours on Polymarket.
The chances that such a military action will happen by the end of this month stood at 48%, while the likelihood of a strike by March 31 was 65% at the time of writing.
Nearly $9 million has been wagered on the outcome. The market resolves to “Yes” if the U.S. initiates a drone, missile or air strike on Iranian territory, including its embassies and consulates. However, missiles or drones that are intercepted won’t count.
Meanwhile, the odds of …Full story available on Benzinga.com
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