According to PolyBeats monitoring, on the prediction market Polymarket, 2 smart money accounts have wagered $23.7k on "Will Trump announce the US lifting the blockade on the Strait of Hormuz before May?" Currently, the probability of "Yes" is 29%.
Of these 2 smart money accounts, 0x59253f9a has a win rate of 50% in the Iran sector, with a total profit of $129k; ScottyNooo has a win rate of 46% in the politics sector, with a total profit of $1.4M.
The Iranian Speaker and Chief Negotiator stated that "a complete ceasefire only makes sense" if the blockade is lifted, otherwise, "reopening the Strait of Hormuz is impossible"; an Iranian Foreign Ministry spokesperson mentioned that they will not "send a delegation to Pakistan" before the US lifts the blockade.
Currently, both sides remain deadlocked, with the US maintaining a "naval blockade" on Iranian maritime trade. The Strait of Hormuz is currently "effectively closed," with the US Navy instructing over 30 vessels to turn back or return to port, and "there are no signs of talks resuming." Today, oil prices continue to rise, as the market is repricing based on the actual closure of the strait.
Disclaimer: Based on their past trading behavior, it is inferred that these traders are not betting on the actual outcome of the event but may have stop-loss or take-profit actions at a certain point after opening a position.
Accounts:
0x59253f9a0cdf254fa4518fd3aae2541f9e0ab194
0xbacd00c9080a82ded56f504ee8810af732b0ab35
Total Wagered: $23.7k
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