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Bab Al-Mandeb Strait Betting Odds Hit 18% as Price Hinges on a Data Trigger

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Cryptonews Editorial
(02:18 PM UTC)
1 min read
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Approved bySarah Chen

Polymarket traders are pricing an 18% implied probability that the Bab Al-Mandeb Strait betting odds meet the platform’s definition of “effectively closed” before December 31, 2026, based on the market’s live pricing as of its September 24 update.

The contract does not require any government or naval authority to declare the waterway shut; it resolves Yes only if IMF PortWatch records a seven-day…

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