According to PolyBeats monitoring, on the Polymarket prediction market, two smart money previously reported by PolyBeats placed a $3,000 bet on "Will Israel announce a ceasefire extension by May 16th?" The market has now settled as "Yes".
After the U.S. mediated a two-day negotiation between Israel and Lebanon on May 14th and 15th, the April 16th cessation of hostilities has been extended by 45 days to facilitate further progress. Reuters reported on May 15th that Israel and Lebanon agreed to extend the ceasefire by 45 days, and the U.S. State Department stated that both parties will continue political track talks on June 2nd and 3rd.
It is important to note that a ceasefire extension does not equate to a cessation of hostilities. Al Jazeera reported on May 15th that on the day the extension announcement was made, Israel was still carrying out attacks in Lebanon causing casualties; the Associated Press reported on May 18th that the death toll from the latest round of Israel-Hezbollah conflict in Lebanon has exceeded 3,000, and attacks from both sides have not fully ceased even under a nominal ceasefire.
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