Iran Reopens Borders, Ceasefire Odds Remain Low
- Iran has reopened borders for trade and pilgrims, allowing Iraq to transit the Strait of Hormuz.
- The US-Iran ceasefire market for April 7 stands at 1.1% YES, down from 2% the previous day.
- The April 15 ceasefire market is at 6.5% YES, indicating skepticism about a near-term resolution.
- Longer-term markets show more movement; the April 30 market is at 17.5% YES, down from 24%.
- $12,352 is needed to shift the April 7 odds by five points, showing a thinner market compared to $19,925 required for April 30.
Despite Iran’s reopening of borders and de-escalation efforts, prediction markets reflect continued skepticism about quick diplomatic progress with low ceasefire odds for early dates like April 7 and April 15.
Source (3.2)https://cryptobriefing.com/iran-reopens-borders-for-trade-and-pilgrims-but-ceasefire-odds-remain-low-ft/?rand=59535
