Following reports of the death of Iran's Supreme Leader Ayatollah Ali Khamenei, the crypto-based prediction market Polymarket has launched a contract on when Iran will announce its successor. Traders have invested over $158,000 in the market, with a current 75% probability of the successor being announced before March 31. This comes amid escalating geopolitical tensions and market volatility, including rising oil prices and declines in major cryptocurrencies like Bitcoin and Ethereum.

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