Will another country conduct military action against Iran by April 15, 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.

Model estimate

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 model estimate.

Edge / gap

The difference between the model estimate and market-implied, in percentage points (model 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 the model estimate when both exist. Labels are not buy or sell recommendations.

Confidence

A simple UI clarity label for signals (not a prediction). It summarizes the signal’s own magnitude/quality metrics into one of: Low, Mid-low, Mid, Mid-high, or High.

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.

Geopolitics · market-implied 11.8%

Volume ~586,799.602← All markets

Recent price

11.8%

This market will resolve to “Yes” if any country other than Israel or the United States initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No.” For the purposes of this market, a qualifying “military action” is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by a country other than Israel or the United States’ military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by a missile or drone launched by such a country, this market will resolve to “Yes”). 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 Iranian territory or cause damage. Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by ground forces of countries other than Israel or the United States will not qualify. The resolution source will be a consensus of credible reporting. 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 this market's end date, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Execution

YES

Best bid (sell)
13¢
Best ask (buy)
13¢
Spread
Midpoint
13¢
Depth (top level)
bid 30 · ask 11.52

NO

Best bid (sell)
87¢
Best ask (buy)
87¢
Spread
Midpoint
87¢
Depth (top level)
bid 11.52 · ask 30