Will Strait of Hormuz traffic return to normal in November?
Current price
2.95¢
−0.05¢ · 24h
Implied probability 2.95%
$12.6K total volume · YES/NO
Low gotcha risk
Gotcha risk — resolution-rule assessment
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The rules clearly define what constitutes a return to normal traffic by setting a precise quantitative threshold of a daily seven-day moving average of at least 60 transit calls for specified ship categories. Resolution relies on a single, dedicated data dashboard from IMF PortWatch at a specified URL. The resolution conditions, early resolution triggers upon meeting the threshold, handling of data revisions, and final month-end cutoff dates are explicitly detailed with no room for subjective judgment.
- Wording ambiguity
- Low
- Source discretion
- Low
- Timing risk
- Low
- Exceptional clauses
- Low
Liquidity
Moderate book at the daily check: a spread over 1¢, or less than $50K within 5¢ of the mid. Larger orders may move the price, so check the book before sizing.
Why it moved
No big moves in the last 7 days.
Resolution rules
This market will resolve according to the next month for which IMF Portwatch publishes a daily 7-day moving average of transit calls (“Arrivals of Ships”) for the Strait of Hormuz equal to or above 60. Daily transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships. Ships not reported by IMF Portwatch will not be considered. The qualifying month will be the calendar month containing the date associated with the first qualifying data point published by IMF PortWatch. This market will resolve as soon as IMF Portwatch publishes a 7-day moving average of transit calls equal to or above the specified level, or once data has been published for the final date of the specified month, and no such value has been published. If data is published for December 31, 2026 and a qualifying data point has not been published for any month, this market will resolve to “No Return to Normal Traffic in 2026.” If no data has been published for December 31, 2026 by January 31, 2027, 11:59 PM ET, this market will resolve based on data published up to that point. Revisions to previously published data points made within this market’s timeframe will be considered. However, they will not disqualify a previously published data point from qualifying. Revisions to previously published data points after data is published for the final date in the specified month, however, will not be considered. In case of obvious data integrity issues (i.e., erroneous data), the market may remain open until the end of the third calendar day (ET) after the date on which such data is first released to allow for corrections. Data integrity issues refer only to clerical or other similar errors in the underlying data, and do not include cases where IMF Portwatch differs from alternative sources. The resolution source for this market will be IMF Portwatch, specifically the transit calls data published for the Strait of Hormuz at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730, both in the chart and through downloadable files.
Rules history
Rules history is not displayed yet.
Market explained
This market measures whether November will be the next calendar month in which Strait of Hormuz daily transit calls reach or exceed a 7-day moving average of 60 according to IMF Portwatch data.
How it resolves
The market resolves to Yes if IMF Portwatch publishes a daily 7-day moving average of transit calls for the Strait of Hormuz equal to or above 60 where the first qualifying date falls in November. Transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships, while ships not reported by IMF Portwatch are excluded. The market resolves to No once data for the final date of the specified month is published without reaching the threshold, or if another month qualifies first. If no qualifying point is published through December 31, 2026, the market resolves to "No Return to Normal Traffic in 2026". Revisions within the timeframe count but cannot disqualify an already qualified point, and revisions after the month's final date data is published are disregarded. The deciding source is IMF Portwatch.
Key dates
- Final data evaluation date: — Date through which data is checked for a qualifying point.
- Data publishing cutoff: — Deadline at 11:59 PM ET to resolve based on available data if December 31, 2026 data is not yet published.
Resolution source
IMF Portwatch
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