Will Iran conduct a military action against Israel on March 23, 2026?

How to read the numbers

Implied / market-implied YES

The probability of YES implied by current traded prices (mid or last). It is what participants are paying for, not a claim about real-world odds.

Estimated fair value (EFV)

A rule-based heuristic from the signal engine when a rule sets one, not a black-box forecast. Some signals only describe liquidity or spreads and may show no EFV.

Edge / gap

The difference between EFV and market-implied, in percentage points (EFV minus market for YES). Filters may use “largest gap.” This is informational only—not trading advice or guaranteed advantage.

Stance (above / below / near estimate)

Compares market-implied to EFV when both exist. Labels are not buy or sell recommendations.

Severity

How strong the rule hit is on a 1–5 scale. It reflects rule strength, not statistical confidence that the outcome will occur.

Volume

Reported trading activity for the market, for context on size and liquidity.

Change & sparklines

Movement in market-implied YES over the window labeled on the card—often 24h where data allows.

Signals

Rule-based flags from ingested public data. They are not trade recommendations.

More detail in Methodology.

Market-implied 0.1%

Volume ~1,140,446.736← All markets

Recent price

0.1%

This market will resolve to "Yes" if Iran initiates a drone, missile, or air strike on Israel’s soil on the listed date in Israel Time (GMT+2). Otherwise, this market will resolve to "No". For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Iranian military forces that impact Israeli ground territory. A strike on any area within the terrestrial territory of Israel counts. Strikes within the West Bank or the Gaza Strip will not be counted as Israel. Only military actions by Iranian forces explicitly claimed by the Islamic Republic of Iran, or confirmed to have originated from Iranian territory, will count toward the resolution of this market. Attacks by proxy forces (i.e., Hezbollah, Houthis, etc.) will not count toward the resolution of this market. Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on Israeli territory or cause damage. Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or other operations conducted by Iranian ground operatives will not qualify. The primary resolution source will be official government/military statements (Israeli or foreign), multilateral bodies (UN, etc.), or a consensus of credible reporting from major international media and national broadcasters/newspapers. If the date/time of a strike cannot be confirmed by a consensus of credible reporting by the end of the third calendar date after the specified date, it will resolve to "No" regardless of whether a strike is later confirmed to have taken place.

Active signals

No active signals for this market.