Iran’s threat to target critical digital infrastructure has drawn fresh attention to the potential risks to undersea internet cables, with prediction markets putting relatively low odds on Tehran or its proxies actually damaging them.
Mohsen Rezaei, the head of Iran’s Supreme National Security Council last week warned that renewed intense fighting could put critical technology infrastructure at risk, including “cables, data centers, AI facilities."
Iran Calls Trump Admin Response ‘Inadequate’
Rezaei also warned that Washington’s response remained "inadequate" while saying that the U.S. had accepted some of Tehran’s seven conditions for reopening the Strait of Hormuz.
The framework included provisions for reopening the Strait of Hormuz, sanctions relief, access to frozen Iranian assets and more.
Here’s What Prediction Market Is Saying
The prediction market is currently betting on whether Tehran will damage undersea internet cables.
Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) stablecoin is currently betting on a contract "Will Iran damage undersea internet cables by…?"
Over $20,000 has been bet on the contract so far.
Bettors have placed a 6% probability on Iran damaging undersea internet cables by Oct. 31, down by 45%. The probability increases to 14% for Dec. 31.
Prediction Market Bets on Ceasefire
The prediction market bettors are also betting on whether the ceasefire between the U.S. and Iran will continue through the midterms.
Iran Was ‘Taking it Easy,’ Says Analyst
Obsidian Risk Advisors Managing Principal Brett Erickson on Sunday said that Iran was "just taking it easy on Trump," citing the "amount of vessels" Iran was striking.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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