A U.S. official cautioned that military conflict with Iran could resume if diplomatic progress stalls. The odds of a U.S. declaration of war on Iran by December 31, 2026, sit at
The likelihood of Trump announcing an end to military operations against Iran has decreased. The markets for military operations ending show no recent trades affecting odds. Thin volume suggests traders are waiting for more definitive signals before committing capital. The U.S. declaration of war by April 30, 2026 holds at 0%, consistent with expectations of no immediate escalation.
Liquidity is low, with $186 in USDC traded across related markets over the past 24 hours. It takes $2,341 to move the December market odds by 5 points, which points to a stable order book. The largest single price move in the last day was negligible, with traders staying cautious.
The warning raises the risk of conflict but does not point to an immediate war declaration. The source tier is lower, so corroboration is needed. At 6¢, a YES share on a war declaration by December 31 pays out $1, a
Watch for official statements from CENTCOM and Trump’s administration. Any mention of congressional votes or operational changes could move the odds.
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