US President Donald Trump said he expects negotiations with Iran to begin as soon as Friday, with Pakistani sources saying talks could take place in 36 to 72 hours, the New York Post reported on Wednesday.
The report mentioned that Trump, when asked via text message about the possibility of talks happening soon, said: “It’s possible! President DJT.”
Late on Tuesday, Trump announced on Truth Social that he had decided to extend the temporary US-Iran ceasefire until Iranian officials submit a “unified proposal” for discussion.
The decision to extend the ceasefire, which was set to expire on Wednesday, was made “based on the fact that the Government of Iran is seriously fractured” and upon the request of Pakistani officials, Trump stated.
In addition to the ceasefire extension, the US blockade on the Strait of Hormuz will also continue, he clarified.
Polymarket predicts outcome of US-Iran tensions
Even if Trump announced an extension of the ceasefire, Polymarket's prediction market still sees a low chance that the ceasefire will be officially extended by the end of Wednesday through an agreement between the US and Iran.
According to the platform's Iran section, there is a 20% chance that the ceasefire will be extended by April 22, with users not considering the current situation an official extension of the ceasefire.
Polymarket is a betting platform that claims to be a "prediction market," where people can bet on the result of a future event. The platform creates a situation, and users can bet on whether it will happen, with the "chance" of it happening determined by how many people bought the "yes" option versus the "no" option.
In its Iran section, Polymarket currently has several active bets, including the situation in the Strait of Hormuz, the official end of Operation Epic Fury, and the possibility of the Islamic regime collapsing.
Amichai Stein and Reuters contributed to this report.