Market-implied 5.5%
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 March 31, 2026, 11:59 PM ET. 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 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.
Overreaction
Market-implied
5.5%
Est. fair value
8.5%
Edge +3.0 pts (EFV − market)
Why this is flagged: 1h move of -6.0 pts is 6.0× typical short-term volatility—larger than usual vs the past week.
Momentum
Market-implied
5.5%
Est. fair value
5.5%
Edge 0.0 pts (EFV − market)
Why this is flagged: 6h and 24h moves point the same direction; magnitude -6.0 pts / -5.0 pts—trend is consistent over these windows (not a prediction).
Order book
Market-implied
5.5%
Est. fair value
—
No EFV for this rule — liquidity / spread only.
Why this is flagged: Top-of-book liquidity is thinner than usual at a 0.010 bid–ask spread—min side is well under recent median depth. Prices may be noisier.