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The US crackdown on Venezuela heats up the prediction market enthusiasm
PANews January 8 News, the prediction market is betting on Trump’s next target. After a mysterious trader accurately bet that Maduro would soon lose his leadership position in Venezuela, earning over $400,000 in profit, the prediction platform Polymarket added a new contract allowing users to bet on whether the US will soon strike Colombia or Cuba. This is just one of many war-related contracts on the platform, which exist in a legal and ethical gray area. As investors reassess geopolitics amid the more hardline foreign policy of the Trump administration, interest continues to rise. Traders currently believe there is a 36% chance that Iran’s Supreme Leader Khamenei will be ousted before June 30, higher than the less than 20% level before the US took action against Venezuela. As for Trump “taking” Greenland before the end of the year, the probability remains low but is increasing.