A trader has invested nearly $100,000 in Polymarket betting on a Russia-Ukraine ceasefire.

CoinFeed reported on March 4th that, according to Lookonchain, a trader with the address 0xa53e, nicknamed "Peacemaker," has been consistently betting on contracts related to a "Russia-Ukraine ceasefire" since joining the prediction market Polymarket on February 11th. On-chain data shows that his cumulative bets on these contracts amount to approximately $99,600, with a current unrealized loss of about $11,300. The report indicates that if Russia and Ukraine reach a ceasefire, this trader is expected to turn a profit and achieve a positive return.