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Trump might announce that ground troops are necessary to seize Iran’s uranium. Odds for US forces entering Iran by April 30 are at 52.5% YES, down from 57% yesterday.
Traders are reacting to the potential announcement. The April 30 market dropped 4 points as of 3:15 PM, with a YES share now at 52¢. The December 31 market remains more optimistic at 64.5% YES. The March 31 market is stagnant at 0.1%.
The ceasefire market isn’t doing much better. April 7 ceasefire odds are at 8.5% YES, down from 10% yesterday. The potential troop deployment is driving bearish sentiment. April 30 odds are at 38.5% YES, a 2-point rise, suggesting some traders still see a chance for a ceasefire.
Volume shows the market’s weight. The US forces market trades $2.6M in USDC daily, with $37K needed to move April odds 5 points. The ceasefire market trades $1.3M in USDC, requiring $16K for a 5-point shift.
Trump’s possible announcement increases tension but lacks specifics. A YES share at 52¢ for US troops by April 30 pays $1 if it resolves — a risky bet unless ground operations seem likely. Watch for Pentagon statements or changes in CENTCOM posture.
Hegseth’s next Pentagon briefing is crucial — scheduled for Thursday. Any change in operational language could affect these markets.
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