TOTAL VOLUME:
$147.3b
24H VOL:
$172,964,198
24H TRANSACTIONS:
2,798,566,680
OPEN INTEREST:
$1,800,387,182
518,213
Markets across
38,398
events
MATCHED EVENTS:
2,848
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
December 31
- Polymarket
December 31 - Polymarket
1W
News
Positive
Negative
Neutral
Hover marker for details
Vol.
·
Resolves Dec 31, 2026
$
This market tracks whether Israel will launch a ground operation in Iran by December 31, 2026. Currently, Polymarket gives a 7.5% probability to this outcome. The market will resolve based on confirmation from the Israeli military, or an overwhelming consensus of credible reporting, regarding Israeli military personnel operating on the ground within Iranian territory, as defined in the resolution rules. Keep an eye on February 28, 2026, as this is the date from which participation by Israeli military personnel in a ground operation in Iran will be considered for resolution.
This market will resolve to "Yes" if participation by Israeli military personnel in a ground operation in Iran on or after February 28, 2026, is confirmed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”. A "ground operation" is defined as a military operation that involves Israeli military ground forces conducting operations within Iranian territory. For the purposes of this market, aerial and maritime operations will not be considered. Only operations involving Israeli troops on the ground within the terrestrial territory of Iran will qualify. Official confirmation by the Israeli military of personnel operating on the ground within Iranian territory during the specified timeframe will resolve this market immediately. An overwhelming consensus of credible reporting confirming that the Israeli military personnel operated on the ground within Iranian territory durring the specified timeframe will also suffice. Qualifying confirmations include statements such as the June 25, 2025, statement by IDF Chief of Staff Lt.-Gen. Eyal Zamir confirmed that Israeli commando forces operated covertly on the ground inside Iran during the 12-day war. Confirmations referring only to non-military Israeli intelligence activity, including operations by the Mossad or Shin Bet, as well as airstrikes, cyberattacks, standoff weapons, remote sabotage, or actions by proxies or third parties without Israeli military presence, will not alone qualify. Incidents that would not alone suffice include the November 2025 Mossad statement indicating its agents were present during protests in Iran, or the July 31, 2024, assassination of Hamas leader Ismail Haniyeh in Tehran, widely attributed to Mossad agents. The primary resolution source for this market will be official information by the Israeli military; however, an overwhelming consensus of credible reporting will also suffice.
Currently, the prevailing sentiment on Polymarket suggests a relatively low probability of a ground operation, with traders assigning a chance of 14.0%. This contrasts with some analyst forecasts, which vary widely depending on their assessment of regional dynamics and political intentions. While some analysts believe the risk of escalation is high, others anticipate continued containment through diplomatic channels. It’s important to remember that prediction markets reflect a collective intelligence, incorporating diverse perspectives and reacting dynamically to new information, potentially offering a different outlook than traditional expert opinions.
On Polymarket, this market is priced using a continuous double auction. Traders buy and sell shares representing their belief about whether Israel will launch a ground operation in Iran. The price of these shares fluctuates based on supply and demand, effectively creating a real-time probability assessment. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market price reflects the collective wisdom of participants, constantly adjusting to new information and perceived risks. Higher demand for shares increases the price, indicating growing belief in the event occurring, and vice versa.
This market resolves around Jan 1, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether a confirmed ground operation by Israeli forces within Iran is publicly reported by reputable news organizations. The market will consider a ground operation to be a sustained military presence, not simply brief incursions or airstrikes. The focus is on a full-scale ground invasion, and the outcome will be determined based on widely accepted evidence of such an event.
Several factors could significantly impact this market. A direct military confrontation between Israel and Iran, such as an Iranian attack on Israeli territory, would likely cause a substantial increase in the probability of a ground operation. Conversely, successful diplomatic negotiations leading to de-escalation could lower the odds. Public statements from key political and military leaders in both countries, particularly those signaling intent or restraint, will be closely watched. Any confirmed reports of troop movements or military preparations could also move this market.