An anonymous wallet spent approximately $25,676 betting that Iran would close the Strait of Hormuz by March 31.

CoinFeed reported on March 3 that Lookonchain, an on-chain monitoring platform, pointed out that about an hour ago, a trader created an anonymous wallet and spent approximately $25,676 betting that "Iran will close the Strait of Hormuz by March 31." According to Polymarket's real-time odds, the odds for this event have now risen to 77%.