TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 7, 8:43 PM EST
Polymarket
Description
This market will resolve to “Yes” if Iran targets an Arab country through a qualifying military action between market creation and the listed date, Arabia Standard Time (AST). Otherwise, this market will resolve to “No.” Qualifying Arab countries are as follows: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, and Yemen. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, directed at a qualifying Arab country. 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: 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. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at an Arab country if it is directed at the terrestrial territory of an Arab country, including any internal waters. Only military actions by Iranian forces explicitly claimed by the Islamic Republic of Iran, or confirmed to have originated from Iranian territory will count toward the resolution of this market. Attacks by proxy forces (i.e. Hezbollah, Houthis, etc.) will not count toward the resolution of this market. 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. 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 Iran and the qualifying Arab country and a consensus of credible reporting.
Polymarket
This market will resolve to “Yes” if Iran targets an Arab country through a qualifying military action between market creation and the listed date, Arabia Standard Time (AST). Otherwise, this market will resolve to “No.” Qualifying Arab countries are as follows: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates, and Yemen. A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, directed at a qualifying Arab country. 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: 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. Military action that consists primarily or exclusively of munitions that are intercepted before impact will still qualify if they constitute a qualifying military action during the specified timeframe; whether the munitions were intercepted, where the munitions landed, and whether damage resulted will not be considered. A military action will be considered directed at an Arab country if it is directed at the terrestrial territory of an Arab country, including any internal waters. Only military actions by Iranian forces explicitly claimed by the Islamic Republic of Iran, or confirmed to have originated from Iranian territory will count toward the resolution of this market. Attacks by proxy forces (i.e. Hezbollah, Houthis, etc.) will not count toward the resolution of this market. 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. 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 Iran and the qualifying Arab country and a consensus of credible reporting.
Frequently asked questions
Currently, prediction market odds offer a distinct perspective compared to traditional polling data regarding the likelihood of Iran targeting an Arab country. While polls often capture stated opinions, this market reflects what individuals are willing to risk capital on, potentially revealing stronger convictions. Historical analysis suggests that prediction markets can sometimes be more accurate than polls, particularly in situations involving geopolitical events where public opinion may be influenced by biases or incomplete information. This market provides a real-time assessment of perceived risk, differing from static poll results.
On Polymarket, this market is priced through a continuous auction mechanism where traders buy and sell shares representing their belief about the event's outcome. The price of a share directly corresponds to the probability of the event occurring, as perceived by the market participants. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market’s price fluctuates based on supply and demand; increased buying pressure drives the price up, indicating a higher perceived probability, while increased selling pressure lowers the price. This dynamic pricing reflects the collective intelligence of the traders on Polymarket.
This market resolves around Oct 31, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether Iran directly targets a sovereign Arab nation with a military action – this includes missile strikes, drone attacks, or naval engagements – before the resolution date. The outcome will be determined by examining reports from reputable news organizations and governmental sources to establish a clear and verifiable record of any such actions. This market will then settle based on that verified information.
Several signals or events could significantly impact this market. Escalations in regional tensions, such as increased military activity in the Persian Gulf or heightened rhetoric between Iran and Arab nations, would likely cause price fluctuations. Major political developments within Iran, including leadership changes or shifts in foreign policy, could also move the market. Additionally, any direct military confrontation between Iran and an Arab country, even if limited in scope, would have a substantial effect on the odds. Unexpected diplomatic breakthroughs or de-escalation efforts could conversely lower the perceived probability and shift the market downwards.
