US x Iran Effective Ceasefire by August 14?
🗂 Part of event: US x Iran Effective Ceasefire by...? (2 week pause) →💡 What the odds say
The market puts this at about a 52% chance — a coin toss.
No money — just record your call and see if you were right. Yes is at 52% right now.
After a brief US-Iran ceasefire collapsed in mid-July, the market now bets on a 14-day pause in US strikes by August 14, with odds nearly even but sharply rising as diplomatic talks resume.
What's driving it
- • The ceasefire ended around July 15, as reported by GZERO Media, resetting the 14-day clock and making the market's resolution condition more immediate (GZERO Media, Jul 15).
- • Talks over free navigation through the Strait of Hormuz resumed on July 11, with the US seeking access from Iran, suggesting a potential diplomatic off-ramp (Reuters, Jul 11).
- • Vance's June 23 statement that Iran would allow international nuclear inspections resumed after talks boosted optimism that broader negotiations could reduce tensions (CBS News, Jun 23).
The case for YES
- • If ongoing talks on Hormuz access and nuclear inspections lead to a formal or informal understanding, the US may refrain from strikes for 14 days, giving diplomacy a chance.
- • The 24-hour odds surge (+14pts) suggests traders see a near-term breakthrough, possibly from back-channel signals not yet public.
- • The July 16 denial by Qatar of military action indicates regional mediators are working to prevent further escalation, which could support a quiet period (Crypto Briefing, Jul 16).
The case for NO
- • The US conducted strikes as recently as July 9, and the ceasefire was declared over by July 15, showing how fragile any lull is (CNN, Jul 9; GZERO Media, Jul 15).
- • The US President expressed concern about the ceasefire's effectiveness on July 15, implying the administration may not prioritize maintaining it (News On AIR, Jul 15).
- • Without a binding agreement, the US may view limited strikes as necessary to pressure Iran on oil and shipping, making a clean 14-day period unlikely.
What to watch
- • Any announced US strike or Iranian retaliation before August 14 would push odds sharply toward No (downward).
- • A public statement from the US or Iran agreeing to a moratorium on military action for a defined period would push odds toward Yes (upward).
- • Reports of progress in nuclear inspection resumption or Hormuz talks, if confirmed by both sides, would increase Yes probability.
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Data from Polymarket’s public API, for informational purposes only. PredictPal is not affiliated with any platform and does not facilitate trading.
Discussion
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How it resolves
Settled on-chain by UMA's optimistic oracle: once an outcome is clear, anyone can propose the result, which then enters a challenge window where it can be disputed with evidence before it finalizes.
⚖️ A proposed outcome can be disputed during a challenge window before it's final.
Resolution criteria
This market will resolve to “Yes” if there is a continuous 14-day period during which the United States does not take a qualifying military action against Iran that begins at any time between market creation and the specified end date, 11:59 PM ET. Otherwise this market will resolve to “No.” The first day of the 14-day period will be the calendar date (ET) after the most recent qualifying military action (or the date of market creation, if no qualifying action has occurred). The period runs through 12:00 PM ET on the 14th calendar day. This market resolves to “Yes” if any such period is completed where the most recent qualifying military action occurred on or before the specified end date (ET). 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. A military action will be considered to impact Iran if it directly impacts the terrestrial territory of 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 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 (ET) 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, the action will be judged 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 credible reporting.
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