Israel x Iran ceasefire continues through October 18?
Last captured price
99.95¢
+1.55¢ · 24h
Implied probability 99.95%
$570K total volume · YES/NO
Medium gotcha risk
Gotcha risk — resolution-rule assessment
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The definition of a qualifying military action is strictly limited to direct terrestrial impacts from specific air or surface-to-surface strikes, explicitly excluding intercepted munitions, debris, ground incursions, artillery, and short-range drones. This means a high-profile escalation or intercepted barrage could occur without triggering a negative resolution, which might surprise someone looking only at the question. Verification relies on combining official statements from both militaries with a consensus of credible reporting, and conflicting reports trigger a mandatory three-day waiting period before a decider evaluates the totality of information.
- Wording ambiguity
- Med
- Source discretion
- Med
- Timing risk
- Med
- Exceptional clauses
- Med
Liquidity
Deep book at the daily check: a spread of 1¢ or less and at least $50K of orders within 5¢ of the mid.
Why it moved
No big moves in the last 7 days.
Resolution rules
This market will resolve to "Yes" if a state of ceasefire remains in effect between Israel and Iran through the listed date, 11:59 PM Iran Standard Time (IRST). Otherwise this market will resolve to “No”. A state of ceasefire will be considered to no longer be in effect between Israel and Iran if either Israel or Iran takes a qualifying military action against the other country between market creation and the listed date, 11:59 PM IRST. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Israel or Iran, that directly impacts the other country. An air strike includes bombs, air-to-surface missiles, and air-launched drones. A surface-to-surface missile strike includes one-way attack drones and surface-to-surface missiles such as cruise or ballistic missiles. The following actions do not constitute a qualifying military action: Munitions destroyed or intercepted before impact; Surface-to-air missile strikes; Small-arms fire; Ground incursions; Cyber operations; Naval gunfire and artillery fire; Howitzers, artillery pieces, mortars, and rocket artillery (e.g. MLRS systems); Minor surface-to-surface strikes, including short range loitering munitions, FPV drones, and ATGM strikes; Any threat, authorization, or announcement of force that has not been executed. Any munition that is intercepted or destroyed before impact does not constitute a qualifying military action. Debris, fragments, or any wreckage from intercepted munitions that land on Israel or Iran do not constitute a military action regardless of any damage incurred. A military action will be considered to impact Israel or Iran if it directly impacts the terrestrial territory of Israel or Iran, including any internal waters. Maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of the relevant state as of market creation will qualify. The occurrence, attribution, and timing of a qualifying military action will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence, attribution, or timing of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, and timing of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (IRST) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information. The resolution sources for this market will be official information from the governments and militaries of Israel and Iran and credible reporting.
Rules history
Rules history is not displayed yet.
Market explained
This market measures whether a ceasefire between Israel and Iran remains in effect through October 18, 2026, at 11:59 PM IRST. It defines a ceasefire violation specifically as unintercepted air strikes or surface-to-surface missile strikes directly impacting terrestrial territory.
How it resolves
The market resolves to Yes if a state of ceasefire remains in effect between Israel and Iran through October 18, 2026, at 11:59 PM IRST. The market resolves to No if either Israel or Iran executes a qualifying military action—defined as an air strike or surface-to-surface missile strike directly impacting the other's terrestrial territory or internal waters—between market creation and the target date. Intercepted munitions, falling debris, naval/artillery fire, ground incursions, cyber operations, and minor munitions do not qualify. Resolution is determined by a consensus of official information from Israeli and Iranian governments/militaries and credible reporting, with a 3-day evaluation window if initial reports conflict.
Key dates
- Ceasefire evaluation deadline: — 11:59 PM IRST
Resolution source
Official information from the governments and militaries of Israel and Iran and credible reporting
AI-generated analysis · google/gemini-3.7-flash ·
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