The U.S. and Iran are continuing to exchange strikes, escalating tensions in the Middle East, with no signs of either country backing down.
Amid the conflict, the prediction market is betting on whether President Donald Trump will visit Iran.
CENTCOM Reveals Fresh Strikes
The U.S. Central Command (CENTCOM) on Thursday revealed that it conducted fresh strikes against Iran, targeting Iranian military infrastructure.
CENTCOM also added that “More than 50,000 U.S. service members are operating across the Middle East and remain vigilant, lethal, and ready.”
Here’s What Prediction Market Is Saying
The prediction market is confident that Trump will not visit Iran.
Data from Kalshi, a federally authorized betting platform, shows that over $1.5 million has been bet on the contract “Will Donald Trump visit Iran?”
Bettors have placed a 4.7% probability of Trump visiting Iran “Before Jan 1, 2027.”
Disclaimer: Kalshi and Benzinga have an existing data collaboration agreement.
Iran Prepares Red Sea Blockade
According to reports, Iran has directed Yemen’s Houthi movement to prepare for the closure of the Red Sea oil route if the U.S. attacks Iranian power infrastructure.
Houthis have reportedly prepared to assault shipping by positioning missiles and drones near the Bab el-Mandeb Strait, which is the Red Sea gateway.
Iran Blockade
Another prediction market contract is betting on when the U.S. will announce the end of the Iran blockade. Bettors have placed a low probability on the U.S. ending the blockade by July 24.
Photo courtesy: Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
