City traders have slashed their bets on a UK interest rate cut as war in Iran sends energy prices soaring. Prediction market bets related to conflict hit a record high last week as traders raced to make wages on US strikes on Iran. Geopolitical bets on Polymarket totalled $425.4m in the week to March 1, up from $163.9m the previous week, according to Dune... [8641 chars]
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