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480,329
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This market will resolve to “Yes” if Iran targets Iraq through a qualifying military action between market creation and the listed date, Arabia Standard Time (AST). Otherwise, this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, directed at Iraq. 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 Iraq if it is directed at the terrestrial territory of Iraq, 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 Iraq and a consensus of credible reporting.
This market will resolve to “Yes” if Iran targets Iraq through a qualifying military action between market creation and the listed date, Arabia Standard Time (AST). Otherwise, this market will resolve to “No.” A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Iran, directed at Iraq. 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 Iraq if it is directed at the terrestrial territory of Iraq, 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 Iraq and a consensus of credible reporting.
Currently, the prevailing sentiment in this market suggests a high probability of Iran targeting Iraq. This contrasts with some analyst forecasts, which present a wider range of potential outcomes and assign lower probabilities to direct military action. However, it’s important to note that analysts often consider a broader set of factors and geopolitical nuances, while this market reflects the collective judgment of traders willing to put capital behind their beliefs. The difference in perspectives highlights the distinct methodologies used to assess the likelihood of this event.
On Polymarket, this market is priced using a continuous double auction mechanism, where traders buy and sell shares representing their belief about the outcome. The price of a share directly reflects 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. As more traders participate and new information becomes available, the price adjusts accordingly, providing a real-time assessment of the likelihood of Iran targeting Iraq. The current price indicates a strong expectation of a potential targeting event.
This market resolves around Nov 16, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether Iran directly targets Iraq with military action before the specified date. This includes any confirmed attacks, incursions, or other hostile military operations initiated by Iran within Iraqi territory. The outcome will be determined by assessing publicly available information from reputable news sources and governmental reports, ensuring a transparent and objective resolution process.
Several signals or events could significantly impact this market. Escalations in regional tensions, such as increased attacks on U.S. forces in Iraq or Syria, could drive up the probability of Iranian action. Conversely, successful diplomatic negotiations or de-escalatory statements from key actors could lower the perceived risk. Major political developments within Iran or Iraq, like changes in leadership or policy shifts, could also influence trader sentiment. Any confirmed intelligence reports regarding Iranian preparations for a potential attack would also likely move this market substantially.