GeopoliticsCloses · in 5 days$76.6K volumePart of: Israel x Iran ceasefire continues through...? →

Israel x Iran ceasefire continues through November 18?

Gotcha risk

Medium

3 of 4 factors flagged

Watch for: This market defines a ceasefire break through very specific technical criteria rather than diplomatic announcements.

Read the full assessment

This market defines a ceasefire break through very specific technical criteria rather than diplomatic announcements. It explicitly excludes many forms of military activity, such as intercepted munitions, falling debris or fragments, artillery, naval fire, cyber operations, ground incursions, and minor strikes like short-range loitering munitions or FPV drones. Distinguishing whether an impact was caused by an intact munition versus intercepted debris, or verifying the specific type of munition used, relies on a consensus of reporting and official government or military statements. Resolution is left to judgement over conflicting reports if attribution or impact details remain disputed after a three-day review period, meaning market participants face significant reliance on source evaluation rather than a single official registry.

Resolver
High
Timing
Low
Wording
Medium
Exceptions
High

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

Current price

95%

chance

▼ −0.35 pts · 24h

Yes95¢
No5¢
November 18 · Yes · 1MO 95.8 H 96.6 L 91.0 C 95.0−0.8 (−0.8%)

Why it moved

No big moves in the last 7 days.

Resolution rules

This market will resolve to "Yes" if a state of ceasefire remains in effect between Israel and Iran through the listed date, 11:59 PM Iran Standard Time (IRST). Otherwise this market will resolve to “No”. A state of ceasefire will be considered to no longer be in effect between Israel and Iran if either Israel or Iran takes a qualifying military action against the other country between market creation and the listed date, 11:59 PM IRST. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Israel or Iran, that directly impacts the other country. 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 Israel or Iran do not constitute a military action regardless of any damage incurred. A military action will be considered to impact Israel or Iran if it directly impacts the terrestrial territory of Israel or Iran, including any internal waters. Maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of the relevant state 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. Where multiple sources conflict regarding the occurrence, attribution, or timing of a relevant military action, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, and timing of the action based on a consensus of information available from the resolution sources or ii) 3 full calendar days (IRST) from the date of the first credibly reported evidence of the action. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, this market will resolve 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 Israel and Iran and credible reporting.

Market explained

This market measures whether a ceasefire between Israel and Iran holds without specific qualifying direct air or surface-to-surface missile strikes impacting terrestrial territory through November 18, 2026, at 11:59 PM IRST.

How it resolves

The market resolves to Yes if a ceasefire remains in effect between Israel and Iran through November 18, 11:59 PM IRST. The market resolves to No if either country initiates a qualifying military action that directly impacts the terrestrial territory or internal waters of the other between market creation and the deadline. Qualifying actions include air strikes (bombs, air-to-surface missiles, air-launched drones) and surface-to-surface strikes (one-way attack drones, cruise/ballistic missiles). Non-qualifying actions include intercepted munitions, falling debris/wreckage, surface-to-air missiles, artillery, mortars, minor strikes (FPV drones, ATGMs), ground incursions, cyber operations, naval fire, and unexecuted threats. Resolution is decided using a consensus of official Israeli and Iranian government/military information and credible reporting, with a 3-day waiting period if reports conflict.

Resolution source

Official information from the governments and militaries of Israel and Iran and credible reporting

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