Cryptocurrency punters sharply lowered the odds of the U.S. extending the ceasefire with Iran after President Donald Trump‘s latest remarks cast doubt on progress toward an agreement.
‘Exciting’ Unlock For Square Sellers
Polygon (CRYPTO: POL)-based Polymarket assigned a 54% possibility that the U.S. will extend the ceasefire agreement or announce a new peace agreement by June 7. The odds were 87% the day before.
Similarly, the odds of the ceasefire extending by month-end collapsed from 86% to 32% over the last 24 hours.
Polymarket users have already wagered $4.35 million on the contract, highlighting the significance of the outcome.
Notably, the chances of a permanent peace pact between the two countries by the end of June have dropped to 49%, down from 71% the day before.
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