The odds of President Trump announcing a ceasefire between the U.S. and Iran have plummeted as the U.S. and Iran have started exchanging strikes.

Here’s What Prediction Market Is Saying

Over $1.5 million has been bet on the contract so far.

The odds of a deal being announced by June 12 have recorded a 43% decrease and bettors see a 7% probability of a deal by this date.

According to bettors, a deal is unlikely by June 15, placing a 15% probability on this date, down by 35%. The odds of a deal by June 30 are higher at 31%, but they have also recorded a decline of 22%.

Trump Says More Strikes Likely

Trump on Wednesday announced that additional military action could follow if Tehran fails to…

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