GeopoliticsCloses · in 1 day$259.2K volumePart of: US x Iran Effective Ceasefire begins by...? (2 week pause) →

US x Iran Effective Ceasefire by November 15?

Gotcha risk

Medium

3 of 4 factors flagged

Watch for: The title refers to an effective ceasefire, but the rules strictly define this as a continuous 14-day absence of qualifying US strikes directly impacting Iranian territory.

Read the full assessment

The title refers to an effective ceasefire, but the rules strictly define this as a continuous 14-day absence of qualifying US strikes directly impacting Iranian territory. This mechanical definition excludes several forms of hostilities, such as cyber operations, ground incursions, naval or rocket artillery, intercepted munitions, and strikes on Iranian assets or proxies outside Iran's land territory. Determining whether an event counts requires verifying the origin, weapon type, interception status, and physical point of impact. There is no single binding official source; resolution relies on a consensus of reporting and statements from both governments. If reports conflict over attribution, interception, or specific munition types, the decider must evaluate the totality of information, leaving significant room for judgment.

Resolver
High
Timing
Low
Wording
Medium
Exceptions
Medium

AI-generated analysis · google/gemini-3.7-flash ·

Current price

37%

chance

▼ −17 pts · 24h

Yes37¢
No64¢
November 15 · Yes · 1MO 39.5 H 54.5 L 35.5 C 36.5−3.0 (−7.6%)

Why it moved

Latest move

▼ −12 pts24h · detected 12 Nov 2026, 17:40 UTC

The market fell from 55% to 43% as part of a broader repricing across related ceasefire timeline outcomes, including November 22 and November 30 contracts which also moved down.

  • Largest hourly change: 17:00 UTC, 83% of the net 24-hour change.
  • Closes 2 days after the move hour.
  • 2 related outcomes moved in the same window, 2 in the same direction. Largest: November 22 (down), November 30 (down).

News check pending.

A possible driver, not a confirmed cause. Wallets are anonymous. Activity is public on-chain; it says nothing about intent.

AI-generated · 12 Nov 2026, 17:50 UTC

Resolution rules

This market will resolve to “Yes” if a continuous 14-day period during which the United States does not take a qualifying military action against Iran is completed, where the first day of that period is between market creation and the specified date (Iran Standard Time). Otherwise, this market will resolve to “No.” The first day of the 14-day period will be the calendar date (Iran Standard Time) after the most recent qualifying military action. Military actions occurring before market creation are not qualifying military actions. Where no qualifying military action has occurred after market creation, the first day of the 14-day period will be the date of market creation (Iran Standard Time). The period runs through 11:59 PM Iran Standard Time on the 14th calendar day. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the United States, that directly impacts Iran. 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 Iran do not constitute a military action regardless of any damage incurred. “Iran” refers to the terrestrial territory of Iran, including its internal waters. Iran’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Iran 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. To allow for the reporting of any qualifying military action occurring within a 14-day period, that period will not be considered completed until 11:59 PM Iran Standard Time on the third calendar date following its 14th day; only qualifying military actions occurring within the 14-day period will be considered for that period. If multiple sources conflict regarding the occurrence, attribution, or timing of a potentially-qualifying incident at that time, the incident will be adjudicated 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 the United States and Iran and a consensus of credible reporting.

Market explained

This market measures whether a continuous 14-day period with no qualifying US military action against Iran is completed, starting between market creation and November 15 (Iran Standard Time).

How it resolves

The market resolves to Yes if a continuous 14-day period passes without a qualifying US military action against Iran, provided the first day of that period starts between market creation and the specified date (Iran Standard Time). Qualifying actions are US-initiated airstrikes or surface-to-surface missile strikes directly impacting terrestrial Iranian territory or internal waters. Intercepted munitions, debris, ground incursions, artillery, cyber operations, and minor strikes do not count. The market resolves to No if no such 14-day period is completed. A 14-day period is verified after a 3-day reporting lag. Resolution is determined by official US and Iranian government or military information and a consensus of credible reporting.

Resolution source

Official information from the governments and militaries of the United States and Iran, and a consensus of credible reporting

AI-generated analysis · google/gemini-3.7-flash ·