Cryptocurrency punters ramped up expectations of a U.S. ground invasion of Iran, while lowering the likelihood of a diplomatic truce between the two nations.

Crypto Prediction Market Heats Up

The market remains one of Polymarket’s top draws, attracting $51.34 million in wagers so far. U.S. military personnel must physically enter Iran’s land territory to qualify. Operations limited to air or sea will not qualify.

Meanwhile, expectations for peace have declined. Bettors priced in a 32% odds of a U.S.-Iran ceasefire by the end of April, down from 40% last week.

US Boots On The Ground Likely?

These developments follow a report that the Pentagon is preparing for ground operations in Iran that…

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