TOTAL VOLUME:
$97.5b
24H VOL:
$265,777,486
24H TRANSACTIONS:
951,878,243
OPEN INTEREST:
$2,180,190,804
831,303
Markets across
15,095
events
MATCHED EVENTS:
966
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
This market tracks whether Iran will execute a qualifying military action—defined as an air strike or surface-to-surface missile strike with direct impact—against a Gulf State on July 9. On Polymarket, the leading outcome "Iran military action against a Gulf State on July 9?" stands at 100.0%. Resolution will be determined by official statements from Iranian and Gulf State governments and militaries, along with consensus credible reporting, with a 3-day confirmation window if initial reports conflict. Watch for official military announcements or credible media reports on July 9 Arabia Standard Time to determine whether a qualifying strike occurs.
This market will resolve to “Yes” if Iran takes a qualifying military action against a Gulf State on the specified date Arabia Standard Time (AST). Otherwise this market will resolve to “No.” Qualifying Gulf States are as follows: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, that directly impacts a Gulf State. 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 a Gulf State do not constitute a military action regardless of any damage incurred. A military action will be considered to impact a Gulf State if it directly impacts the terrestrial territory of a Gulf State, 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 (AST) 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 Iran and the relevant Gulf States and a consensus of credible reporting.
Prediction market odds reflect real-money incentives for accuracy, often diverging from traditional analyst consensus. While institutional analysts may rely on classified intelligence, diplomatic channels, and historical precedent, this market prices in live sentiment from traders monitoring news, military posture, and regional tensions. Prediction markets typically react faster to breaking developments than published analyst reports, though both sources offer complementary perspectives. The odds here represent a decentralized, transparent view of event probability based on market participants' aggregated beliefs.
On Polymarket, traders buy and sell shares representing "yes" or "no" outcomes, with the share price directly reflecting the implied probability. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Prices move as new information surfaces—military movements, diplomatic statements, or regional escalations—and traders adjust positions accordingly. The current odds reflect the balance between buyers and sellers; higher prices indicate stronger confidence in military action occurring. Liquidity and trading volume influence how quickly prices adjust to new catalysts.
This market resolves around Jul 31, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution hinges on whether Iran initiates military action targeting a Gulf state within the specified timeframe. The determination will be based on documented evidence from reputable international news sources, official statements, and verified reports of military engagement. Ambiguous or disputed incidents may require careful assessment against the market's specific outcome criteria.
Key catalysts include Iranian military exercises, naval movements, or weapons tests in the Gulf; escalating rhetoric from Iranian leadership; U.S. or regional military posturing; attacks on Iranian interests; oil market disruptions; or diplomatic incidents. Geopolitical flashpoints—such as Israeli actions, sanctions announcements, or proxy group activity—often trigger sharp price swings. Media reports of imminent threats, intelligence leaks, or emergency UN sessions can also shift trader sentiment rapidly. Regional stability assessments and economic indicators tied to Gulf security will influence ongoing probability adjustments.
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