TOTAL VOLUME:
$154.6b
24H VOL:
$323,326,361
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,969,435,260
419,363
Markets across
40,411
events
MATCHED EVENTS:
4,612
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 14, 7:02 PM EST
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.
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.
On Polymarket, this market is priced through a continuous trading mechanism where users buy and sell shares representing their belief in the outcome. The price of these shares directly reflects the implied probability of Iran targeting an Arab country. As more traders buy shares, the price increases, indicating a higher perceived likelihood, and vice versa. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market’s price is determined solely by supply and demand within Polymarket, and is not influenced by external factors or predetermined values.
This market resolves around Nov 1, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, the resolution will depend on whether Iran directly targets an Arab country with a military action, such as a missile strike, drone attack, or naval engagement. Any actions taken by Iran-backed proxy groups will not count towards resolution. The outcome will be determined by assessing publicly available information from reputable news sources and governmental reports, ensuring a clear and objective determination.
Several signals or events could significantly move this market. A major escalation of tensions in the Red Sea, such as an attack on commercial shipping, could drive up the probability. Similarly, a direct confrontation between Iranian and Arab forces, even a limited one, would likely cause a substantial price increase. Conversely, successful diplomatic negotiations or a de-escalation of regional conflicts could lower the odds. Any significant policy changes from the US or other major powers regarding Iran, or a major shift in Iran’s internal political landscape, could also influence trading activity in this market.