New Polymarket Accounts Win Hundreds of Thousands on Iran Ceasefire Bets

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Published: 4 hours ago

New Polymarket accounts made highly specific, well-timed bets on US-Iran ceasefire before Tuesday's announcement, earning hundreds of thousands in profits. These bets occurred despite Trump's escalating rhetoric and 8pm deadline threat regarding Strait of Hormuz. US-Iran ceasefire reduces Middle East tensions, typically strengthening risk-on sentiment. This could weaken safe-haven USD and JPY while supporting oil-sensitive currencies like CAD and NOK as geopolitical premiums fade.

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