This market will resolve to “Yes” if Iran and the United states agree to a permanent peace deal by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”. A permanent peace deal refers to any agreement which explicitly indicates that military hostilities between the United States and Iran have ended or will permanently cease, or uses equivalent language clearly signaling a lasting end to military hostilities between the United States and Iran. Agreements that are explicitly temporary or which do not include a definitive agreement to end military hostilities between the US and Iran on a lasting basis (e.g. a temporary extension of the two-week ceasefire agreement announced on April 7, 2026), will not qualify. A qualifying agreement will be considered to have been established if either of the following conditions are met: - The United States and Iran each sign or formally adopt a written agreement (e.g. a treaty or multi-point agreement) which meets the above criteria. - Both the governments of the United States and Iran provide clear public confirmation that a qualifying agreement has been definitively established. Negotiations, statements of progress, or other statements which do not constitute a definitive announcement that a qualifying agreement has been reached will not count. The primary resolution source for this market will be official information from the governments of the United States and Iran; however, a consensus of credible reporting may also be used.Ongoing negotiations between the United States and Iran, mediated by Pakistan, center on extending a fragile April 2026 ceasefire into a broader framework addressing the nuclear program, sanctions relief, and reopening the Strait of Hormuz. Recent developments include a late-May tentative memorandum of understanding on a 60-day ceasefire extension and renewed nuclear talks, though it awaits final approval amid continued exchanges of strikes and drone incidents near Hormuz as of early June. These diplomatic efforts occur against a backdrop of intermittent military actions that have strained the truce, with outcomes hinging on sustained de-escalation signals and resolution of core disputes before any permanent agreement can advance.

Rules

Market Context

This market will resolve to “Yes” if Iran and the United states agree to a permanent peace deal by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

A permanent peace deal refers to any agreement which explicitly indicates that military hostilities between the United States and Iran have ended or will permanently cease, or uses equivalent language clearly signaling a lasting end to military hostilities between the United States and Iran. Agreements that are explicitly temporary or which do not include a definitive agreement to end military hostilities between the US and Iran on a lasting basis (e.g. a temporary extension of the two-week ceasefire agreement announced on April 7, 2026), will not qualify.

A qualifying agreement will be considered to have been established if either of the following conditions are met:

- The United States and Iran each sign or formally adopt a written agreement (e.g. a treaty or multi-point agreement) which meets the above criteria.

- Both the governments of the United States and Iran provide clear public confirmation that a qualifying agreement has been definitively established. Negotiations, statements of progress, or other statements which do not constitute a definitive announcement that a qualifying agreement has been reached will not count.

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