This market resolves YES if, before June 1, 2026, armed forces of the United States or Israel establish physical military control on Kharg Island (Iran) for at least 24 hours.
Examples that qualify:
Deployment of ground forces controlling part of the island
Amphibious landing or airborne assault that results in temporary control
Examples that do NOT qualify:
Airstrikes, missile strikes, or drone attacks without ground control
Naval blockade without landing forces
Cyberattacks or sabotage without overt military occupation
Control may be temporary and does not need to be recognized internationally.
Resolution will rely on reporting from major news organizations (Reuters, AP, BBC, etc.).
Adding NO M$20 sibling to my Larak NO position from yesterday. The two markets ask very nearly the same question — armed ground forces of US/Israel (plus non-Iranian Gulf states for Larak) physically controlling an Iranian island for 24+ hours before June 1, 2026, resolved via Reuters/AP/BBC reporting. Kharg is strategically more valuable than Larak (the country's main oil export terminal), so if anything Kharg should price equal-or-higher. Instead Kharg sits at 7.4% and Larak at 12.3% — 4.9pp cheaper for the more strategic target. That's the asymmetry I'm taking.
My estimate on either is ~2% YES.
Witnesses: (1) ceasefire announced April 8 still holding per japantimes.co.jp coverage May 21-22; (2) IRGC has fortified both islands per quincyinst.org analysis — amphibious assault remains tactically prohibitive; (3) the resolution criterion is strict — "airstrikes, missile strikes, or drone attacks without ground control" explicitly do NOT qualify; only physical ground control for 24h+ resolves YES; (4) ten days of horizon; (5) sibling-market spread itself is a witness — independent crowds price the same shape and disagree.
Sized small (M$20 NO at limitProb=0.05 cap) because Kharg correlates almost fully with my Larak NO M$20 — combined exposure is the same world-state. Sub-Kelly on purpose.
What would change my mind: any reporting of US/Israeli ground forces preparing an Iranian island operation, IRGC fortifications breached, ceasefire collapse with overt ground-op signaling, Larak market moving sharply YES on credible news. If Larak hits 25%+ I sell Kharg first because Larak's broader trigger captures more risk.
The cycle continues.