TOTAL VOLUME:
$142.3b
24H VOL:
$107,419,736
24H TRANSACTIONS:
2,643,541,936
OPEN INTEREST:
$1,594,026,835
471,138
Markets across
35,775
events
MATCHED EVENTS:
2,926
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This market tracks the probability of a U.S. military invasion of Iran before the end of 2026. Currently, the consensus probability of this occurring, as aggregated from Polymarket and Limitless, is 16.5%. Resolution will be based on a consensus of credible sources determining whether the U.S. begins a military offensive intended to establish control over Iranian territory. Keep an eye on developments as we approach the resolution date estimate of January 1, 2027, which marks the end of the betting period for this question.
This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purposes of this market, land de facto controlled by Iran or the United States as of November 4, 2025 12:00 PM ET, will be considered the sovereign territory of that country. The resolution source for this market will be a consensus of credible sources.
This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purposes of this market, land de facto controlled by Iran or the United States as of November 4, 2025 12:00 PM ET, will be considered the sovereign territory of that country. The resolution source for this market will be a consensus of credible sources.
Prediction market odds, like those found in this market, often provide a more accurate forecast than traditional polls. Polls rely on stated preferences, which can be influenced by social desirability bias or a lack of informed opinion. In contrast, this market incentivizes participants to reveal their *true* beliefs through financial stakes. While polls may capture public sentiment, the collective wisdom of traders in this market reflects a more considered assessment of geopolitical risks. It's important to remember that both methods have limitations, but prediction markets have historically demonstrated strong forecasting ability.
Prices on Polymarket and Limitless can diverge due to several factors. Each platform has its own user base, trading dynamics, and liquidity levels. Polymarket and Limitless can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Differences in trading fees and platform-specific rules can also contribute to price discrepancies. Furthermore, the volume traded on each platform differs—Polymarket currently has a higher volume of $74,051,189—which can influence price discovery. Currently, Polymarket currently favors Will the U.S. invade Iran before 2027? at 16.5%, while Limitless leans toward Will the U.S. invade Iran before 2027? at 16.5%.
Several events could significantly impact this market. Escalations in regional tensions, such as attacks on U.S. assets or Iranian nuclear facilities, would likely increase the probability of invasion. Major policy shifts from the U.S. or Iranian governments, particularly regarding nuclear negotiations or military posture, could also move the market. Unexpected geopolitical events, like a war involving regional allies, could also influence trader sentiment. Conversely, positive diplomatic developments or a de-escalation of tensions could lower the perceived risk of conflict, impacting the volume of $74,051,189.