Cryptocurrency punters sharply raised odds on Iran halting uranium enrichment after reports suggesting the Middle Eastern nation was willing to suspend its nuclear activity.

Will Iran Abandon Its Nuclear Program?

Similarly, the odds of this happening by the end of the year jumped 14 percentage points to 47%.

Over $1 million has been wagered on the outcome, and an “official pledge” by Iran to end all enrichment of Uranium will qualify for a “Yes” resolution.

Additionally, the odds that Iran agrees to surrender its enriched uranium stockpile by the year-end increased to 50%.

The Sticking Point

The spike comes after the New York Times reported, citing U.S. and Iranian officials, that Tehran…

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