TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: May 30, 8:00 PM EST
Polymarket
This market on Polymarket tracks whether Germany and Japan will each deploy warships through the Strait of Hormuz by the end of May 2026. Germany's probability stands at 10.0%, while Japan is also at 10.0%. Resolution will be determined by official government or military confirmation, or an overwhelming consensus of credible reporting that a country's military vessels transited through the narrowest section of the waterway between Iran and Oman during the specified period. Watch for official announcements from either nation's defense ministry regarding naval deployments or escort operations through the Strait by May 31, 2026.
Prediction market odds on Polymarket reflect real-time consensus from traders betting on naval movements through the Strait of Hormuz. Unlike traditional analyst forecasts, which rely on expert opinion and historical analysis, prediction markets aggregate dispersed information through financial incentives. Traders continuously update prices based on geopolitical developments, military announcements, and regional tensions. This dynamic pricing often captures emerging signals faster than static analyst reports, making markets a complementary lens for assessing the likelihood of warship transits by May 31.
The market resolves on May 31, 2026. Resolution depends on verified reports of warship transits through the Strait of Hormuz by that date. Outcomes are determined by documented naval movements from each country, tracked through official military announcements, maritime tracking data, and credible news sources. The specificity of each outcome—tied to individual countries—means resolution hinges on whether those nations actually deploy vessels through the strait during the prediction window, not on broader geopolitical events or tensions alone.
Key catalysts include escalating tensions in the Persian Gulf, sanctions or diplomatic crises affecting regional powers, military exercises announced by NATO or allied nations, and shipping incidents that trigger protective responses. Changes in US foreign policy, Iranian nuclear negotiations, or Houthi activity in the Red Sea could prompt warship deployments. Official military statements about freedom-of-navigation operations, coalition building announcements, or sudden geopolitical flashpoints would likely shift market prices. Traders monitor defense ministry communications, maritime security reports, and international relations developments closely through May 31.