Bettors are wagering on Pakistan striking India by Friday

By: thestreet|2025/05/09 03:00:12
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Tensions between India and Pakistan appear to be escalating, but have also been trending in the crypto prediction market. The Pahalgam attack 2025 that occurred on 22 April 2025, where 26 people were murdered by terrorists at Pahalgam in the Indian-administered territory of Jammu and Kashmir. According to reports, five armed men with M4 carbines and AK-47 rifles opened fire at a popular tourist spot in the Baisaran Valley. Weeks later, on May 7, India launched Operation Sindoor and targeted terrorist camps in Pakistan. Pakistani Prime Minister Shehbaz Sharif denied funding terrorists and claimed that the Operation Sindoor has claimed civilian lives in Pakistan.According to the BBC, Pakistan claims 31 people died and 57 injured by air strikes in Pakistan and Pakistan-administered Kashmir since Wednesday morning.Now, Polymarket betters believe there is a 99% chance of a Pakistani air strike might hit the Indian soil by Friday, May 9, 2025. The odds surged by 27% within a day, reflecting the growing geopolitical anxiety. Polymarket betters place over $3.3 million in bets as odds of a Pakistani military strike on India surge to 99%. Source: Polymarket. The event had already drawn over over $3 million in bets, making it one of the platform’s most-watched markets. Usually in prediction markets like Polymarket, each "bet" or "share" is bought for a few cents to a dollar, therefore this volume points to a very high degree of participation—probably tens of thousands of individual transactions.On Apr 24, Polymarket saw a surge in bets on the ongoing India-Pakistan war where bets rose as high as 13% before dipping to 10%. Financing terrorismInterestingly, a recent report from the Bulletin of Business and Economics journal has found an increasing association between crypto scams and terrorism funding. The report warns that militant groups often exploit crypto’s ‘privacy’ feature to finance operations related to terrorism. It also highlights large-scale global scams like Squid Coin and Africrypt, along with a $100 million fraud in Pakistan, to show how bad actors take advantage of the digital asset industry. However, it is important to note that no direct evidence has emerged linking cryptocurrency to the Pahalgam terror attack. At press time, Bitcoin is trading at $101,071.92, ahead of geopolitical tensions.

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About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

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Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

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Discord: WEEX Community 

Telegram: WeexGlobalGroup

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