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This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

December 31

March 31

US declares war on Iran

Will the US officially declare war on Iran by...?

This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress between June 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Iran in 2025?

This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress by July 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Iran before August?

This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress by June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Iran before July?

This market will resolve to “Yes” if the Trump Administration submits a 48-hour report consistent with the War Powers Resolution regarding the introduction of U.S. armed forces into hostilities or imminent hostilities against Iran between the date of market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No.”

The market will resolve based on the listed date of the report. This market may stay open until 10 days after the listed date (ET) to allow for a qualifying report to be published.

The primary resolution sources for this market will be the White House, the Congressional Record, and the NYU Law War Powers Resolution Reporting Project; however, a consensus of credible reporting may also be used.

Trump invokes War Powers against Iran by March 31, 2026?

This market will resolve to "Yes" if the United States formally declares war on Venezuela through an act of Congress between December 15, 2025, and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Venezuela by June 30, 2026?

This market will resolve to "Yes" if there is a military engagement between the military forces of the United States of America and Iran between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military engagement" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between US and Iranian military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution; however, minor damage (scrapes, dents) will not. Any U.S. military kinetic strike that impacts Iranian land territory will qualify for a “Yes” resolution. 

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 adversarial territory or cause damage.

Note: the U.S. Coast Guard is a branch of the U.S. Armed Forces; the Iranian Law Enforcement Command is a branch of the Iranian Armed Forces; all sub-branches of the Artesh, Islamic Revolutionary Guard Corps (including the Basij), and Law Enforcement Command are part of the Iranian Armed forces.

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

U.S. x Iran Military Engagement by June 30, 2026?

This market will resolve to "Yes" if the US or Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate between the time of this market's creation and the listed date (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 US or Israeli military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an US or Israeli 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 Iranian 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 US or Israeli ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Will US or Israel strike Iran by December 31, 2026?

This market will resolve to "Yes" if the United States conducts a major cyberattack against Iran between market creation and January 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

For the purposes of this market, a qualifying “major cyberattack” is a cyber operation attributable to the United States that causes significant disruption, damage, or unauthorized access affecting core Iranian national systems—such as critical infrastructure, state institutions, the financial system (including major state operated banks), defense networks, or nuclear facilities.

To qualify, the cyberattack must be either (i) officially acknowledged by the U.S. government (or an authorized U.S. government representative), or (ii) confirmed by a broad consensus of credible reporting attributing the operation to the United States. 

Smaller-scale incidents—such as attacks on individual companies or organizations that do not target core national systems—will not qualify.

Cyber incidents that are thwarted without significant disruption, damage, or unauthorized access will not qualify.

Cyber operations that are directly related to, coordinated with, or executed as part of kinetic military action (including, but not limited to, airstrikes, missile/drone strikes, raids, ground incursions, or other physical combat operations) will not qualify, even if they cause significant cyber effects.

The primary resolution source for this market will be official statements from the U.S. government and/or a consensus of credible reporting.

Will the US conduct a cyberattack on Iran by Jan 31?

This market will resolve to “Yes” if active US military personnel physically enter Iran at any point by the listed date (ET). Otherwise, this market will resolve to "No".

Military special operation forces will qualify, however intelligence operatives will not count.

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

Military contractors, military advisors, or high-ranking US service members entering Iran for diplomatic purposes (and their accompanying entourage) will not qualify.

The resolution source will be a consensus of credible reporting.

US forces enter Iran by March 31?

This market will resolve to "Yes" if both of the following conditions are met by June 30, 2026, 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 by June 30, 2026, 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 JJune 30, 2026, 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 Israel or the United States carry out a kinetic military strike against the municipality of Tehran or any target within the municipality, between market creation and January 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

This includes, but is not limited to drone and missile strikes, aerial bombings, and kinetic actions carried out by U.S. or Israeli operatives on the ground. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market.

Israeli missile and drone strikes which are shot down or miss their targets will not be considered for this market, even if it enters Tehran’s airspace and its wreckage lands in Tehran.

The resolution source for this market is official statements from the U.S., Israeli, and Iranian governments, however a consensus of credible reporting will also be used.

Note: Cyber attacks will not qualify, even if they have kinetic effects.


Will Israel or the US target Tehran?

This market will resolve to "US" if the United States initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate before Israel does.

If Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate before the United States does, this market will resolve to "Israel". 

If no qualifying strike occurs by March 31, 2026, 11:59PM ET, strikes occur simultaneously, there is ambiguity about the order of strikes, or no consensus can be reached by March 31, 2026, 11:59PM ET, this market will resolve 50-50.

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 military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an Israeli 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 Iranian 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 ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Will US or Israel strike Iran first?

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 June 30, 2026?

This market will resolve to “No” if any of the following conditions are met between market creation and January 31, 2026, 11:59 ET:

- Iran strike on US military
- Iran Strike on Israel
- Iran strike on Qatar

Otherwise, this market will resolve to “Yes”.

If no qualifying strike is confirmed by the resolution date, this market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "Yes" regardless of whether a strike was later confirmed to have taken place.

The full rules for this market can be found here:
https://polymarket-upload.s3.us-east-2.amazonaws.com/NEHIranStrike.pdf

Nothing Ever Happens: Iran Strike Edition

This market will resolve to "Yes" if an Iran-initiated drone, missile, or air strike on the soil of Israel is announced or credibly reported to have occurred by the listed date, 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 FPV and ATGM strikes as well as cruise or ballistic missiles) launched by any Iranian operatives, including military forces, intelligence agencies, or other Iranian government operatives, that physically impact ground territory within the listed country.

A strike on any area within the terrestrial territory (including rivers, lakes, ports, but excluding territorial sea) of the listed country 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 in Israeli territory or cause damage.

Actions such as artillery fire, small arms fire, ground incursions, naval shelling, or cyberattacks will not qualify.

The primary resolution source will be a consensus of credible reporting.

If no qualifying strike is confirmed by the resolution date this market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Iran Strike on Israel by February 28?

This market will resolve to "Yes" if the Trump administration announces that the United States officially recognizes Reza Pahlavi as the "leader of Iran" by December 31, 2026, 11:59 ET. Otherwise, this market will resolve to "No".

Roles that could qualify for "leader of Iran" status include, but are not limited to, "head of state," "prime minister," or other similar roles that give him primary executive authority in the territory of Iran.

A qualifying US statement must be direct and unqualified. Conditional, hypothetical, supportive, or implied statements do not count.

The primary resolution source for this market will be official information from the US government and Donald Trump, however a consensus of credible reporting will also be used.

US recognizes Reza Pahlavi as leader of Iran in 2026?

This market will resolve to "Yes" if France, the United Kingdom, or Germany initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate by January 31, 2026, 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 French, United Kingdom, or German military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by a French, United Kingdom, or German 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 Iranian 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 French, United Kingdom, or German ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

Will France, UK or Germany strike Iran by January 31?

This market will resolve to "Yes" if there is a widely reported coup attempt in Iran at any point between market creation and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

A coup attempt is defined as a coordinated and deliberate effort by military, security forces, or other state actors (or factions thereof) to overthrow or unlawfully seize control of the Iranian government or its leadership. Revolutionary actions by non-state forces, isolated protests, or general unrest will not alone qualify.

Claims by the Iranian government that a coup attempt was foiled—such as through arrests or disruption of a planned operation—will only count toward a "Yes" resolution if credible independent sources widely report and explicitly characterize the event as a coup attempt. Foiled plots or arrests that occur without any attempted execution of the coup will not qualify.

The resolution source will be a consensus of credible reporting.

Iran coup attempt by June 30?

This market will resolve to "Yes" if an Iran-initiated drone, missile, or air strike on the soil of Qatar is announced or credibly reported to have occurred by January 31, 2026, 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 FPV and ATGM strikes as well as cruise or ballistic missiles) launched by any Iranian operatives, including military forces, intelligence agencies, or other Iranian government operatives, that physically impact ground territory within the listed country.

A strike on any area within the terrestrial territory (including rivers, lakes, ports, but excluding territorial sea) of the listed country 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 in Qatari territory or cause damage.

Actions such as artillery fire, small arms fire, ground incursions, naval shelling, or cyberattacks will not qualify.

The primary resolution source will be a consensus of credible reporting.

If no qualifying strike is confirmed by the resolution date this market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Iran strike on Qatar by January 31?

This market will resolve to “Yes” if the Trump Administration submits a 48-hour report consistent with the War Powers Resolution regarding the introduction of U.S. armed forces into hostilities or imminent hostilities against Venezuela between the date of market creation and January 31, 2026, 11:59PM ET. Otherwise, this market will resolve to “No.”

The market will resolve based on the listed date of the report. This market may stay open until 10 days after the listed date (ET) to allow for a qualifying report to be published.

The primary resolution sources for this market will be the White House, the Congressional Record, and the NYU Law War Powers Resolution Reporting Project; however, a consensus of credible reporting may also be used.

Trump invokes War Powers against Venezuela by January 31?

This market will resolve to "Yes" if the United States enacts an Authorization for Use of Military Force (AUMF) specifically targeting Venezuela by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, both chambers of Congress must pass, and the President (currently Donald Trump) must sign into law, a bill that explicitly authorizes the use of U.S. military force against Venezuela. The authorization does not need to use the exact phrase “Authorization for Use of Military Force,” but it must clearly and specifically authorize military action against Venezuela as a state actor.

General defense appropriations, intelligence findings, covert action approvals, or broader regional authorizations that do not explicitly pertain to Venezuela will not qualify. Presidential orders or military action without such a law being passed and signed will not qualify.

The primary resolution source will be official U.S. government records (e.g., Congress.gov, White House releases); however, a consensus of credible reporting will also be used.

Congress authorizes military force against Venezuela by January 31?

This market will resolve to “No” if any of the following conditions are met between market creation and March 31, 2026, 11:59 ET:

- Khamenei out as Supreme Leader of Iran
- Khamenei leaves Iran

Otherwise, this market will resolve to “Yes”.

Khamenei out as Supreme Leader of Iran:
This market will resolve to "No" if Iran's Supreme Leader, Ali Khamenei, is removed from power for any length of time during this market’s above-specified time frame. Khamenei will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran within this market's timeframe. The primary resolution source for this market will be a consensus of credible reporting.

Khamenei leaves Iran:
This market will resolve to "No" if it is confirmed that Ali Khamenei has left Iran for any length of time during this market’s above-specified time frame. In cases where Ali Khamenei may have exited Iranian airspace on a plane, he must be confirmed to have exited the plane in a country other than Iran for this market to resolve to "No". If Ali Khamenei exits Iranian maritime territory on a boat to international waters, this market may resolve to "No". The resolution source for this market will be a consensus of credible reporting.

Nothing Ever Happens: Khamenei

This market will resolve to "Yes" if U.S. government personnel (including U.S. military, CIA, or any U.S. federal law enforcement agency) directly participate on the ground in an operation that results in the capture of Supreme Leader of Iran Ali Khamenei by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, “capture” means Khamenei is taken into physical custody and detained (including arrest, detention, or seizure) such that he is no longer free to leave at will, even if only temporarily. Voluntary surrender may qualify if it results in immediate detention/custody.

U.S. personnel must directly participate on the ground to qualify. Intelligence, surveillance, planning, logistics, transport, support, funding, training, or advisory roles alone will not count, even if they materially contribute to the operation. If U.S. personnel are physically present in the operational area and take direct action (e.g., raiding, detaining, securing, physically transferring custody), it will qualify. U.S. government contractors will be considered to be U.S. personnel if they are confirmed to be acting under the direction of U.S. government authorities.

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

Will the US capture Khamenei before 2027?

This market will resolve to "Yes" if the US conducts a nuclear test by the listed date (ET). Otherwise, this market will resolve to "No".

A nuclear test is defined as the intentional non-combat detonation of a device by the US that produces a nuclear chain reaction (fission or fusion), regardless of yield.

Accidents, radiological dispersal devices (bombs that spread radioactive material using conventional explosives such as "dirty bombs"), or actions by third parties will not count toward this market's resolution.

Tests not explicitly claimed by US may still qualify if a clear consensus of credible reporting attributes the nuclear detonation to US. For example, an unclaimed nuclear test analogous to the 1979 "Vela Incident" would count if credible reporting attributes it to the US.

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

Will the U.S. test a nuclear weapon by March 31 2026?

On January 14, 2026, widespread internet and mobile service outages affected customers of major U.S. telecommunications providers, including Verizon, AT&T, and T-Mobile, across multiple states. You can read more about that here: reuters.com/business/media-telecom/verizons-network-down-thousands-users-us-downdetector-shows-2026-01-14.

This market will resolve to “Yes” if it is confirmed, by the U.S. government, or a consensus of credible reporting, that the January 14, 2026, internet and mobile service outages were caused by, originating from, directed by, or officially attributed to Iran or any Iranian proxy by January 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Accusations from the U.S. government that are hedged or expressed with ambiguity (e.g., "We believe it was Iran") will qualify. However, purely speculative statements (e.g., "It could have been Iran") will not count.

This market will resolve once official statements from the U.S. government , or a consensus of credible reporting, have clearly confirmed whether the January 14, 2026, outages were caused by an Iranian cyberattack. If the cause of the outages has not been attributed to Iran by January 31, 2026, 11:59 PM ET, this market will resolve to “No”.

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

US mobile/internet outages caused by Iran?

This Market will resolve to “US Strikes Iran” if the US strikes Iran before Donald Trump announces a new Fed Chair nominee by December 31, 2026, 11:59 PM ET. This market will resolve to “Trump Announce Fed” if Donald Trump announces a new Fed Chair nominee before the US strikes Iran by December 31, 2026, 11:59 PM ET.

The US will be considered to strike Iran if the US initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate.

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 US military forces that impact Iranian ground territory or any official Iranian embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an US missile, this would qualify). 

Missiles or drones which are intercepted and surface-to-air missile strikes will not qualify, regardless of whether they land on Iranian 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 US ground operatives will not qualify.

The resolution source for the US striking Iran will be a consensus of credible reporting.

Donald Trump will be considered to announce a new Fed Chair nominee if Donald Trump or the Trump administration make an announcement stating their intent to nominate a specific individual for Chair of the Federal Reserve, regardless of whether a formal nomination actually occurs.

Qualifying announcements must explicitly present the relevant individual as the nominee or future nominee for Chair of the Federal Reserve. Announcements of acting or interim appointments, or announcements which merely reveal potential candidates, will not qualify. Media reports, speculation, or other unofficial information will not qualify.

A formal presidential nomination of an individual to be Chair of the Federal Reserve will qualify. Formal nominations are defined as the submission of a nomination message to the U.S. Senate.

The resolution sources for Donald Trump announcing a new Fed Chair nominee will be official announcements from Donald Trump or the Trump administration and official information from the U.S. Senate.

If the US does not strike Iran and Donald Trump does not announce a new Fed Chair nominee by December 31, 2026, 11:59 PM ET, this market will resolve 50-50.

US strikes Iran or Trump announces Fed nominee first?

This market will resolve to “Yes” if the United States forcibly removes Iran’s Supreme Leader, Ali Khamenei, from power for any length of time between market creation and March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The United States will be considered to have forcibly removed Khamenei from power if Khamenei is detained, captured, surrenders, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran as a direct result of actions of force, including strikes, invasions, or other operations, carried out by United States government forces.

Actions of force means the use of physical force, including but not limited to kinetic military action (e.g., missiles, bombs, gunfire), ground operations or raids, special operations, invasions, or physical arrests or detentions carried out by United States government forces. Sanctions, diplomacy, or other non-physical actions will not qualify.

United States government forces refers to any active U.S. military (including U.S. Coast Guard), law enforcement, or intelligence personnel. Contractors confirmed to be acting under the orders of the United States government will count.

Actions of force carried out by United States government forces must directly lead to Khamenei’s removal from power. United States actions which merely contribute to or assist in Khamenei’s removal by other forces or through peaceful means will not suffice.

Qualifying examples (would count): The United States’ 2003 invasion of Iraq, which removed Saddam Hussein from power, and 1989 invasion of Panama, which led to Manuel Noriega’s surrender to U.S. forces, would count. The United States 2001 invasion of Afghanistan, which largely toppled the Taliban government and removed the Taliban leadership from power, would also have counted. The 1983 U.S. invasion of Grenada, which removed the existing regime from power, would count.

Non-qualifying examples (would not count): The 2011 removal of Muammar Gaddafi from power in Libya, however, in which the United States Military took part in a NATO operation against the Libyan military, including qualifying actions of force, but Gaddafi was removed by Libyan anti-government forces rather than U.S. government forces, would not count. The 1994 U.S.-led intervention in Haiti, in which the military regime relinquished power through negotiated departure rather than being forcibly removed from power by United States government forces as defined above, would not count. The removal of Slobodan Milošević from power in Serbia, which occurred through domestic political processes rather than Milošević's removal by United States government forces, would not count.

The resolution sources for this market will be official information from the United States federal government and a consensus of credible reporting. 

US forcibly removes Khamenei from power by March 31?

This market will resolve to "Yes" if Donald Trump officially invokes the Insurrection Act of 1807 by December 31, 2026, 11:59 PM ET. Otherwise, it will resolve to "No".

For the purposes of this market, "invoke" means that the President formally announces the use of the Insurrection Act as legal authority for deploying active-duty U.S. military forces or federalizing the National Guard in response to civil disorder, insurrection, or rebellion.

The resolution source will be a consensus of credible reporting.

Insurrection Act invoked by December 31?

This market will resolve to "Yes" if a US-initiated drone, missile, or air strike on the soil of Mexico is announced or credibly reported to have occurred by the listed date 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 FPV and ATGM strikes as well as cruise or ballistic missiles) launched by any United States operatives, including military forces, intelligence agencies, or other U.S. government operatives, that physically impact ground territory within the listed country.

A strike on any area within the terrestrial territory (including rivers, lakes, ports, but excluding territorial sea) of the listed country 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 territory or cause damage.

Actions such as artillery fire, small arms fire, ground incursions, naval shelling, or cyberattacks will not qualify.

Any strike occurring during this market’s timeframe that is claimed by either Donald Trump or the U.S. government will qualify.

The primary resolution source will be a consensus of credible reporting.

This market will remain open until the end of the second day after the resolution time. If the date/time of a qualifying strike cannot be confirmed by a consensus of credible reporting by that time, it will resolve to "No" regardless of whether a strike was later confirmed to have taken place.

Will the US officially declare war on Iran by...?

March 31
$59,524 Vol.
3%

December 31
$3,707 Vol.
12%

Market Context

Will the US officially declare war on Iran by...?

Rules

Will the US officially declare war on Iran by...?

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Will the US officially declare war on Iran by...?

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Will the US officially declare war on Iran by...?

March 31$59,524 Vol.3%Buy Yes3.5¢Buy No96.9¢

December 31$3,707 Vol.12%Buy Yes13¢Buy No89¢

Market Context

Will the US officially declare war on Iran by...?

Rules

Will the US officially declare war on Iran by...?

Market Context

Will the US officially declare war on Iran by...?

About

Related

March 31
$59,524 Vol.
3%

December 31
$3,707 Vol.
12%