Negotiations between Israel and the Palestinians have been frozen for more than four years, but the referendum issue has been debated in Israel recently.
Benjamin Netanyahu said Thursday he "would be interested" in a national vote if a deal is reached.
The issue is contentious. Opponents say a deal should be decided by elected legislators while supporters say a referendum would provide popular legitimacy.
Israel passed a law in 2010 that would require a two-thirds parliamentary majority or, failing that, a referendum on ceding the Golan Heights or east Jerusalem, which the Palestinians claim as the capital of their hoped-for state. Both areas were captured in 1967.
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