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US x Iran Effective Ceasefire by November 30?

Gotcha risk

Medium

2 of 4 factors flagged

Watch for: The title refers to an 'Effective Ceasefire', but the rules strictly define resolution via a unilateral 14-day absence of qualifying US strikes against Iranian territory, ignoring any Iranian actions against the US.

Read the full assessment

The title refers to an 'Effective Ceasefire', but the rules strictly define resolution via a unilateral 14-day absence of qualifying US strikes against Iranian territory, ignoring any Iranian actions against the US. A detailed list of exclusions applies, including intercepted munitions, debris, ground operations, artillery, and minor FPV strikes. Resolution relies on a consensus of reporting and official military statements rather than a single definitive authority, requiring decider judgment if accounts conflict regarding attribution or whether munitions impacted Iranian soil.

Resolver
Medium
Timing
Low
Wording
Low
Exceptions
Medium

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

Current price

61%

chance

▼ −6 pts · 24h

Yes61¢
No40¢
November 30 · Yes · 1MO 55.5 H 68.5 L 55.5 C 60.5+5.0 (+9.0%)

Why it moved

No big moves in the last 7 days.

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 the United States goes 14 consecutive days without conducting a qualifying military strike on Iranian territory, starting on or before November 30, 2026. What makes it unusual is that it defines an effective ceasefire strictly through the absence of specific US air or surface missile strikes rather than a formal diplomatic agreement.

How it resolves

The market resolves to Yes if a continuous 14-day period passes where the US takes no qualifying military action against Iran, provided the first day of that period starts between market creation and November 30 (Iran Standard Time). A qualifying military action is a US-initiated air strike or surface-to-surface missile strike directly impacting Iran's terrestrial territory or internal waters. Intercepted munitions, debris, ground incursions, artillery, naval fire, cyber operations, and unexecuted threats do not count. The market resolves to No if no such continuous 14-day period begins on or before the specified date. Resolution is determined by official information from the US and Iranian governments/militaries and a consensus of credible reporting, with a 3-day reporting buffer after any 14-day period before completion is finalized.

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 ·