Gulf leaders meet in Saudi Arabia to address Iranian missile attacks

Gulf leaders are gathering in Saudi Arabia to coordinate a response to Iranian missile attacks. The Polymarket odds of Kharg Island no longer being under Iranian control by June 30 sit at 15.5% YES. Market reaction The Jeddah meeting is the first in-person GCC summit since the conflict began. The April 30 market is effectively dead at 0.2% YES. The June 30 market draws more activity. The biggest jump is between April 30 and May 31, where odds leap 11 points, which means traders expect a catalyst in that window. Why it matters Trading volume shows a gap between face value and actual USDC, with $36,635 in real dollars spent. The June 30 market moves $5,739/day in real USDC, a moderate level of liquidity.

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