Name: Will the U.S. invade Iran in 2025?
Start: 2025-06-18T18:06:25.486723Z
End: 2026-01-01T00:00:00Z

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This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Iran between June 18 and December 31, 2025, 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 June 18, 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.

US to invade Iran

Will the U.S. invade Iran in 2025?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Iran between June 18 and June 30, 2025, 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 June 18, 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.

Will the U.S. invade Iran before July?

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.

Will the U.S. invade Iran before 2027?

This market will resolve to “Yes” if active regular US military personnel physically enter Iran for combat operations at any point between June 21, 2025, and December 31, 2025, 11:59 PM ET.

US military personnel must physically enter the terrestrial territory of Iran to qualify. Entering Iran's maritime or aerial territory will not count.

High ranking US service members entering Iran for diplomatic purposes (and their accompanying entourage), military contractors, military advisors, and special operation forces will not qualify.

The resolution source will be a consensus of credible reporting.

US forces in Iran in 2025?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Afghanistan between June 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Afghanistan or the United States as of June 19, 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.

Will the U.S. invade Afghanistan in 2025?

This market will resolve to "Yes" if both of the following conditions are met by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".


1. The US initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates between June 18, and December 31, 2025, 11:59 PM ET. 

For the purposes of this market, a "military action" will be considered to be any use of force executed by the US military on Iranian soil, airspace, or maritime territory (e.g. if a weapons depot on Iranian soil is hit by an US missile) that is officially acknowledged by the US government or a consensus of credible reporting. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market.


2. The Islamic Republic of Iran’s current ruling regime is NOT overthrown, collapsed, or otherwise ceases to govern by December 31, 2025, 11:59 PM ET. 

The Islamic Republic of Iran’s current ruling regime will be considered overthrown if a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.

Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.

Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran.

The resolution source will be a consensus of credible reporting.

Note: If the Iranian regime falls - as defined above - prior to a qualifying U.S. military action, this market will immediately resolve to "No". 

Will the Iranian regime survive U.S. military strikes?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Venezuela between November 3, 2025 and March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Venezuela or the United States as of September 6, 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.

Will the U.S. invade Venezuela by March 31, 2026?

This market will resolve to "Yes" if Donald Trump and Ali Khamenei speak directly to one another between June 26, 7:00 PM ET, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any conversation that occurs directly between Donald Trump and Ali Khamenei will qualify, regardless of whether it is over the phone, videocall, or in person. The conversation must be voice-based, not text-based.

The primary resolution source for this market will be information from the governments of Iran and the United States, however a consensus of credible reporting will also be used.

Trump x Khamenei talk in 2025? 

On June 13, Iranian leaders announced they no longer plan to engage in nuclear talks with the U.S. that were scheduled to take place in Oman on Sunday (see: https://thehill.com/policy/international/5348689-iran-nuclear-deal-talks-suspended/).

This market will resolve to "Yes" if it is confirmed that official nuclear-related negotiations between the United States and Iran resume at any point on by December 31, 2025, at 11:59 PM ET. Otherwise, the market will resolve to "No".

To qualify, the talks must involve official representatives of both governments and focus primarily on nuclear issues, such as uranium enrichment, sanctions relief, IAEA inspections, or the JCPOA. Talks may be direct or mediated, and may occur in person or virtually.

Only the actual resumption of talks will count; announcements that talks have been scheduled to resume will not alone qualify.

Unofficial backchannel communications, general diplomatic meetings not centered on nuclear issues, or one-sided public proposals will not qualify.

The market will resolve based on a consensus of credible reporting.

US x Iran nuclear talks resume by December 31? 

This market will resolve to "Yes" if Pakistan commences a military offensive intended to establish control over any portion of India between November 11 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of November 11, 2025, 11:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by Pakistan, India, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will Pakistan invade India in 2025?

This market will resolve to "Yes" if either Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate, or Iran initiates a drone, missile, or air strike on Israeli soil or any official Israeli embassy or consulate, by 11:59 PM ET on the listed date. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones or missiles (including cruise or ballistic missiles) launched by Israeli or Iranian military forces that impact the other party’s ground territory or any official embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an Israeli missile, or an Israeli air base is hit by an Iranian drone, this market will resolve to "Yes") that is officially acknowledged by the relevant government or a consensus of credible reporting.

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on the opposing party’s territory or cause damage.

Israel x Iran ceasefire broken by March 31, 2026?

This market will resolve to "Yes" if India commences a military offensive intended to establish control over any portion of Pakistan between May 12 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of April 23, 2025, 12:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by India, Pakistan, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will India invade Pakistan in 2025?

Tehran, the Iranian capital, is experiencing a crisis as a historic drought has led the local water supply to run low. You can read more about that here: https://www.newsweek.com/irans-capital-running-dry-in-historic-water-crisis-10987433.

This market will resolve to “Yes” if the national government of Iran, the government of Tehran Province, or the government of Tehran Municipality, including the Tehran City Council, orders a major evacuation of the city of Tehran due to the ongoing water crisis by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

A major evacuation order is defined as an official government order mandating or instructing a majority of Tehran’s residents to leave the city. The order must explicitly reference the ongoing water shortage or associated infrastructure failure as a primary reason for evacuation to qualify for resolution.

A limited evacuation order affecting only a minority of the residential population of the city of Tehran, or an evacuation order due primarily to reasons other than the ongoing water crisis will not qualify.

The primary resolution source for this market will be information from the Iranian government; however, a consensus of credible reporting will also be used.

Evacuation of Tehran ordered in 2025?

This market will resolve to "Yes" if the United States initiates a drone, missile, or air strike on Afghan soil or any official Afghan embassy or consulate by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by United States military forces that impact Afghan ground territory or any official Afghan embassy or consulate (e.g., if a weapons depot on Afghan soil is hit by a U.S. missile, this market will resolve to "Yes").

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on Afghan territory or cause damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by U.S. ground operatives will not qualify.

The resolution source for this market will be a consensus of credible reporting.

U.S. strikes Afghanistan by Dec 31?

This market will resolve to "Yes" if the United States of America enters a state of civil war by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The resolution source for this market will be a wide consensus of credible reporting confirming the US is in a civil war.

Note: Media reports that use the phrase "civil war" metaphorically will not count. Only a wide consensus of reporting that the US has entered a literal civil war will qualify.

US civil war in 2025?

This market will resolve to "Yes" if the United States formally acquires any part of Canadian territory by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

Acquisition must be through official government action, such as annexation, treaty, or legislation.

The resolution source will be official information from the U.S. government however a consensus of credible reporting may also be used.



Will the U.S. acquire Canadian territory in 2025?

This market will resolve to "Yes" if Venezuela commences a military offensive intended to establish control over any portion of Guyana between January 29 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be will be official confirmation by Venezuela, Guyana, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will Venezuela invade Guyana in 2025?

This market will resolve to "Yes" if Russia commences a military offensive intended to establish control over any portion of any NATO country by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by NATO member states or Russia as of May 28, 2025, will be considered the sovereign territory of those countries.

Hybrid or “grey zone” operations conducted by unmarked personnel will qualify if they are confirmed to be Russian operatives and are intended to establish de facto control over territory, as occurred in Crimea (2014) or Donbas (2014–2022).

The resolution source for this market will be a consensus of credible sources.

Will Russia invade a NATO country by June 30, 2026?

This market will resolve to "Yes" if Israel initiates a drone, missile, or air strike on the West Bank's soil between November 27, 2025, 3:00 AM IST and the listed date 11:59 PM Israel Standard Time (IST). Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by the Israeli military that impact the West Bank's ground territory.

A strike on any area within the terrestrial territory of the West Bank counts.

Missiles or drones that are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution, regardless of whether they land on the West Bank's territory or cause damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or other operations conducted by the Israeli military will not qualify.

The primary resolution source will be official government/military statements, multilateral bodies (UN, etc.), or a consensus of credible reporting from major international media and national broadcasters/newspapers.

If the date/time of a strike cannot be confirmed by a consensus of credible reporting within 48 hours of this market's end date, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Israel strike on the West Bank by December 31?

This market will resolve to "Yes" if, the Israeli government officially and unambiguously acknowledges that it possesses nuclear weapons by December 31, 2025 at 11:59 PM ET. Otherwise, this market will resolve to "No".  

Leaked documents, anonymous sources, or reports from non-Israeli officials will not alone qualify.

The resolution source will be a consensus of credible reporting. 

Israel confirms it has nuclear weapons in 2025?

This market will resolve to "Yes" if the United States government assumes administrative, military, or political control over the Gaza Strip by December 31, 2025 11:59 PM ET.

This includes direct governance, military occupation with administrative authority, or any formal arrangement where the U.S. exercises primary governing authority over Gaza territory.

Mere military presence including the establishment of bases, advisory roles, humanitarian missions, or support for other governing entities without the U.S. holding primary control will not qualify.

The resolution source will be a consensus of credible reporting.

Will the U.S. invade Iran in 2025?

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Will the U.S. invade Iran in 2025?

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Will the U.S. invade Iran in 2025?

Order Book

Market Context

Will the U.S. invade Iran in 2025?

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