Although President Donald Trump claimed the Iran war is “very close to being over,” cryptocurrency punters remain unconvinced, with odds still reflecting skepticism about a quick resolution.
Crypto Bettors See No Immediate End To Conflict
Polygon (CRYPTO: POL)-based Polymarket showed a 41% possibility that Trump announces the end of military operations against Iran by the end of this month, down from 46% a day earlier.
The possibility of this happening by the end of May, however, was significantly higher at 73%, while bookmakers set the chance of the war ending by June 30 at 83%.
Over $26 million has already been traded on the outcome, making it one of the most wagered bets on Polymarket. An official statement by Trump, the federal government or the military will qualify for a resolution.
Interestingly, the odds of the U.S. and Iran agreeing on a permanent peace deal by the end of May rose 6 percentage points in the last 24 hours to 60%.
Peace Is Near?
Trump said in a Wednesday interview that the Iran war is “very close to being over,” consistent with his recent messaging about a potential end to hostilities with the Middle Eastern nation.
That said, a report suggested that the Pentagon is preparing to dispatch more than 10,000 troops to the Middle East in the coming days.
The ceasefire is set to expire on April 22, but the two sides are reportedly eyeing an extension by another two weeks to buy more time for negotiations.
Vice President JD Vance, who represented the U.S. in last weekend’s unsuccessful peace talks, said that a diplomatic breakthrough with Iran remains within reach, but only if Tehran agrees to Washington’s core nuclear demands.
Regime-linked Mehr News Agency reported that Iran will determine the next round of talks following an internal assessment of its meeting with the Pakistani delegation, which includes Asim Munir, Pakistan Army Chief.
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