On June 22, the first round of U.S.-Iran diplomatic talks in Switzerland concluded, with mediators reporting progress toward a roadmap for a final deal and follow-on technical talks expected to continue.

This market will resolve to “Yes” if the next formal senior-level round of peace talks between representatives of the United States and Iran begins by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No.” Follow-on technical talks from the June 22 Switzerland round will qualify.