Iran's Supreme Leader Out By January 31? Polymarket Bet Draws Millions As Crypto Punters Indulge In Frantic Trading

Core Insights - Wagering on the potential removal of Iran's Supreme Leader Ayatollah Ali Khamenei has significantly increased amid ongoing anti-regime protests, which have now lasted for 12 days [1][4]. Group 1: Betting Activity - The trade volume for the bet "Khamenei out as Supreme Leader of Iran by January 31?" has surged to $4.7 million within just four days of its launch, making it one of the most popular bets on the Polymarket platform [2]. - Current betting odds suggest a 17% chance of Khamenei being removed from power by the end of January, while approximately 82% of bettors believe he will remain in his position [3]. Group 2: Context of Protests - The protests have been fueled by public frustration over the collapse of the Iranian Rial and soaring inflation, leading to a nationwide internet blackout imposed by authorities [4][5]. - Reports indicate that at least 42 individuals have died during the unrest, including minors and security personnel, although state media has minimized the scale of the demonstrations [5].