Iran has issued a warning to the U.S., threatening regional chaos if tensions continue. The odds of a ceasefire by April 7 have dropped to 1.1% YES, down from 2% yesterday and 12% a week ago.

Traders are reacting to Iran’s threats by betting against a ceasefire. The April 7 market shows deep skepticism, while April 15 is at 6.5% YES, down from 8%. April 30 odds fell to 17.5% YES after a brief rise. The later markets show ongoing pessimism.

Trading volume hit $431,402 in the past 24 hours, below the $3.76M face value. Moving April 7 odds by 5 points costs $12,352, indicating thin trading. A 2-point rise at 5:08 PM yesterday in the April 30 market suggests some traders are seeking quick gains.

Iran’s threats lack concrete actions. Without escalation, the rhetoric may not lead to immediate conflict. A YES share at 1.1¢ for an April 7 ceasefire pays $1, a 90x return, but requires a sudden diplomatic shift.

Watch for Trump’s next moves and any negotiation signals from intermediaries like Oman.

Markets Impacted

• US x Iran ceasefire by April 7? — currently 1.1% YES
• US x Iran ceasefire by April 15? — currently 6.5% YES
• US x Iran ceasefire by April 30? — currently 17.5% YES
• US x Iran ceasefire by May 31? — currently 36.5% YES
• US x Iran ceasefire by June 30? — currently 51.5% YES
• US x Iran ceasefire by December 31? — currently 68.5% YES

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