Polymarket, a decentralized prediction market, is witnessing a significant increase in activity surrounding the Abraham Accords. The market, which speculates on whether a new country will join the accords by 2025, has seen its volume exceed $700,000, with the price of "Yes" shares jumping from 30¢ to 65¢ in recent days.
On-chain data reveals a surge in new wallets participating in this market, with funding paths through Relay, Uniswap, and Moonpay mirroring patterns previously associated with insider trading clusters. Speculation is rife that Kazakhstan might be the next country to sign the accords, a move that could further drive market activity. However, as with all prediction markets, outcomes remain uncertain, and participants are advised to consider the risks involved.
Polymarket Sees Surge in Bets on New Abraham Accords Signatory
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