GeopoliticsCloses · in 7 days$122.5K volumePart of: Israel x Iran ceasefire continues through...? →

Israel x Iran ceasefire continues through November 20?

Gotcha risk

Medium

4 of 4 factors flagged

Watch for: This market defines a ceasefire breach narrowly around direct impacts on terrestrial territory by specific heavy munitions, explicitly excluding intercepted projectiles, falling debris, rocket artillery, naval fire, and minor or FPV drones.

Read the full assessment

This market defines a ceasefire breach narrowly around direct impacts on terrestrial territory by specific heavy munitions, explicitly excluding intercepted projectiles, falling debris, rocket artillery, naval fire, and minor or FPV drones. Someone following general news reports might see a major exchange of fire and expect a breach, even if every projectile was intercepted or the weaponry used fell under the detailed exclusion list. Additionally, resolution relies on an open-ended consensus of official military announcements and credible reporting rather than a single definitive authority. If conflicting reports emerge regarding whether an impact occurred or whether a projectile was successfully intercepted, resolution can be held open for up to three days past the deadline before deciding based on the decider's evaluation of the totality of information.

Resolver
High
Timing
Medium
Wording
Medium
Exceptions
Medium

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

Current price

93%

chance

▼ −1 pts · 24h

Yes93¢
No7¢
November 20 · Yes · 1MO 95.5 H 95.5 L 88.0 C 92.5−3.0 (−3.1%)

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 remains in effect without qualifying direct air or surface-to-surface missile strikes impacting either nation's territory through November 20.

How it resolves

The market resolves to Yes if a state of ceasefire remains in effect between Israel and Iran through November 20 at 11:59 PM IRST. The market resolves to No if either country executes a qualifying military action against the other between market creation and November 20, 11:59 PM IRST. A qualifying action is an air strike (bombs, air-to-surface missiles, air-launched drones) or surface-to-surface missile strike (one-way attack drones, cruise/ballistic missiles) directly impacting the terrestrial territory or internal waters of Israel or Iran, including de facto controlled territory. Intercepted munitions, debris from interceptions, cyber operations, ground incursions, surface-to-air strikes, naval/artillery fire, mortars, rocket artillery, small-arms fire, and minor strikes like FPV drones or ATGMs do not qualify. Resolution is determined by a consensus of official Israeli and Iranian government/military information and credible reporting. In case of conflict, resolution may be delayed up to 3 calendar days to assess the totality of available information.

Resolution source

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

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