Recent developments center on the expiration of the June 2026 Islamabad Memorandum's 60-day negotiating window on August 17 without a final agreement, leaving the U.S.-Iran ceasefire framework in a precarious state amid ongoing disputes over the Strait of Hormuz, sanctions relief, and Iran's nuclear program. Intermittent low-level exchanges and ship attacks since the July 8 breakdown have tested the truce, with mediators from Pakistan and others reporting stalled progress and no confirmed extension. Trader assessments reflect these diplomatic deadlocks and the risk of renewed escalation, while noting historical patterns of temporary de-escalations in similar conflicts. Key upcoming factors include any renewed direct talks or unilateral actions affecting maritime access and hostilities.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$73,630 Vol.
August 22
96%
August 25
93%
August 31
83%
September 15
72%
September 30
56%
$73,630 Vol.
August 22
96%
August 25
93%
August 31
83%
September 15
72%
September 30
56%
A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the United States, that directly impacts Iran. 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 Iran do not constitute a military action regardless of any damage incurred.
“Iran” refers to the terrestrial territory of Iran, including its internal waters. Iran’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Iran 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 (Iran Standard Time) 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. At the end of the third calendar day, if conflicting reports remain, the incident will be adjudicated 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 the United States and Iran and a consensus of credible reporting.
Market Opened: Aug 18, 2026, 11:16 AM ET
Resolver
0x65070BE91...A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the United States, that directly impacts Iran. 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 Iran do not constitute a military action regardless of any damage incurred.
“Iran” refers to the terrestrial territory of Iran, including its internal waters. Iran’s maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Iran 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 (Iran Standard Time) 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. At the end of the third calendar day, if conflicting reports remain, the incident will be adjudicated 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 the United States and Iran and a consensus of credible reporting.
Resolver
0x65070BE91...Recent developments center on the expiration of the June 2026 Islamabad Memorandum's 60-day negotiating window on August 17 without a final agreement, leaving the U.S.-Iran ceasefire framework in a precarious state amid ongoing disputes over the Strait of Hormuz, sanctions relief, and Iran's nuclear program. Intermittent low-level exchanges and ship attacks since the July 8 breakdown have tested the truce, with mediators from Pakistan and others reporting stalled progress and no confirmed extension. Trader assessments reflect these diplomatic deadlocks and the risk of renewed escalation, while noting historical patterns of temporary de-escalations in similar conflicts. Key upcoming factors include any renewed direct talks or unilateral actions affecting maritime access and hostilities.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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