Iran claims to have shot down a U.S. fighter jet, but CENTCOM states all U.S. jets are accounted for. US forces entering Iran by April 30 is at 60.5% YES, up from 55% a day ago.
The April 30 market rose as traders reacted to the news, despite CENTCOM’s denial. The April 30 sub-market moved from 55% to 60.5% YES, driven by fears of escalation. In contrast, the December 31 sub-market remains steady at 70%, indicating longer-term expectations for possible ground operations.
The term structure shows a 10-point increase from April to December, suggesting traders expect a significant catalyst for escalation. The March 31 sub-market is effectively dead at 0.1% YES.
The combined daily trading volume is $2.8M in USDC, with $326K needed to move the April 30 market by 5 points, indicating strong interest. The largest movement was a 6-point drop at 1:12 AM, likely a reaction to CENTCOM’s reassurances.
Iran’s claims, though unverified, affect market sentiment. At 61¢ per YES share for April 30, traders are pricing in a heightened risk of ground troop involvement soon. For a YES payout of $1, you’d need to believe tensions will escalate into ground operations within 28 days.
Watch for any formal Pentagon statements or changes in Congressional war powers discussions. Trump’s next move, coupled with Hegseth’s public remarks, could shift market expectations significantly.
Markets Impacted
Get prediction market intelligence as a structured API feed. Early access waitlist.
