Discovery/politicsopenUS x Iran Effective Ceasefire begins by...? (2 week pause)

US x Iran Effective Ceasefire by September 4?

stale dataas of 2.6h agoensemble-v1.2.0late: clob_book, ensemble_forecasts, gamma_events
Market prob.
66.0%
MARKET FACT
Fair est.
66.7%
MODEL ESTIMATE
Edge est.
+0.72pp
MODEL ESTIMATE
Confidence
0.33low
Liquidity
$51.6k
MARKET FACT
24h volume
$59.3k
MARKET FACT
Resolves
0m
Sep 4, 26

Price history

Solid line: market price (fact). Dashed amber: our fair-value estimate.

4 points
60%62%64%66%67%Sep 7Sep 8

Thesis

Why the estimate deviates from the market

  1. 1.Order book shows bid-side pressure (+28.3% imbalance within 5% of mid) on $6,967 of depth. [book_imbalance v1.0.0, weight 0.33]
  2. 2.Price momentum 1h: +0.11 logit, 6h: +0.28 logit (2 horizons, 100% agreement). [momentum v1.0.0, weight 0.27]

Counter-thesis

Why this may be wrong

  1. 1.Model confidence is 0.33; the estimate is shrunk heavily toward the market price and should be treated as weak.
  2. 2.Only $2,499 of depth within 5% of mid; size is limited and slippage will reduce realised edge.

Key catalysts

  1. 1.Resolution in 0.0 days; price convergence typically accelerates near expiry.

What would invalidate this

  1. 1.Market price moving to 67% would close the gap.
  2. 2.A reversal in the order-book imbalance or trade-flow direction that drove this estimate.
  3. 3.Liquidity falling materially below $6,967 would make the edge uncapturable regardless of accuracy.

Signal breakdown

Each signal is an independent estimate. Contribution is weight × logit distance from the market price.

SignalEstimateStrengthConf.WeightContributionExplanation
Book imbalancev1.0.0MODEL68.8%0.280.550.33+0.0419Order book shows bid-side pressure (+28.3% imbalance within 5% of mid) on $6,967 of depth.
Momentumv1.0.0MODEL67.4%0.180.450.27+0.0166Price momentum 1h: +0.11 logit, 6h: +0.28 logit (2 horizons, 100% agreement).
Liquidity shiftv1.0.0MODEL0.350.370.15+0.0000Liquidity decreased 35% to $6,967; spread +100%.
Market impliedv1.0.0MARKET66.0%1.000.712.13+0.0000Market-implied probability 66.0% (source: book_mid).

Our forecast history

Every forecast we have recorded on this market, including the wrong ones. Append-only — never edited after the fact.

As ofMarketFair est.EdgeConf.Score
3h ago66.0%66.7%+0.72pp0.331.57
6h ago63.5%65.4%+1.86pp0.362.10
9h ago59.5%59.6%+0.10pp0.140.90
10h ago59.5%59.1%-0.43pp0.131.07

Order book

captured 3h ago

PriceSizeTotal
74.00%1,748$1.3k
73.00%733$535
72.00%97$70
71.00%86$61
70.00%138$97
69.00%1,320$911
68.00%730$497
67.00%1,629$1.1k
66.00%spread +2.00ppimb +0.283
65.00%3,633$2.4k
64.00%3,292$2.1k
62.00%141$87
61.00%1,750$1.1k
60.00%3,333$2.0k
59.00%1,668$984
58.00%5,411$3.1k
57.00%3,503$2.0k
Bid depth ±5%
$4.5k
Ask depth ±5%
$2.5k

Tradeability

Whether the edge is actually capturable

Executable price
67.00%
Expected value / $1(net of executable price + assumed 10bps taker fee)
-0.0052
Spread
+2.00pp
Depth within 5%
$2,499
Signal score
1.57

Related markets

Verified deterministic relationships only

Resolution criteria

This market will resolve to “Yes” if there is a continuous 14-day period during which the United States does not take a qualifying military action against Iran that begins at any time between market creation and the specified date, 11:59 PM ET. Otherwise this market will resolve to “No.” The first day of the 14-day period will be the calendar date (ET) after the most recent qualifying military action (or the date of market creation, if no qualifying action has occurred). The period runs through 12:00 PM ET on the 14th calendar day. This market resolves to “Yes” if any such period is completed where the most recent qualifying military action occurred on or before the specified end date (ET). A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by the United States, that directly impacts Iran. 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: Munitions destroyed or intercepted before impact; 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. Any munition that is intercepted or destroyed before impact does not constitute a qualifying military action. Debris, fragments, or any wreckage from intercepted munitions that land on Iran do not constitute a military action regardless of any damage incurred. A military action will be considered to impact Iran if it directly impacts the terrestrial territory of Iran, including any internal waters. Maritime territory and airspace are not encompassed. Where territorial borders are disputed, all territory claimed by and under the de facto control of Iran as of market creation will qualify. 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 (ET) 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. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the action, the action will be judged 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 the United States and Iran and credible reporting.

Edgecast provides information and analytics, not financial advice and not a guarantee of outcomes. Figures labelled MODEL are estimates produced by our models and are not objective truth. Prediction markets carry risk of loss.