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The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's September 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for September 15-16, 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for their September meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

加息25个基点

不变

美联储9月份的决定？

On July 13, 2026, Trump announced the United States would reinstate its naval blockade of Iran, targeting Iranian ships and customers.

This market will resolve to “Yes” if the United States government, or an authorized representative of the United States government, publicly and officially announces the end, termination, lifting, or suspension of the United States’ naval blockade on Iranian ships and ships of Iranian customers, between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement qualifies if it communicates that the United States will generally cease blocking vessel traffic for Iranian ships and customers, including an announcement that the blockade will not take effect at all, even if some restrictions remain (for example, an imposition of fees). An announcement does not qualify if it reflects only a limited or partial change that stops short of a general end or suspension of the blockade, for example, an exemption for a specific vessel, cargo, or port.

A qualifying announcement must be a declarative statement of the United States government’s present termination or suspension of the blockade, previously-unannounced prior termination or suspension of the blockade, or definitive decision to terminate or suspend the blockade.

A qualifying announcement must clearly and unambiguously identify the end or suspension of the blockade. Statements that merely allude to, reference, or describe an end to the blockade, without clearly communicating it, do not qualify. The announcement need not use specific terminology or reference the end of a blockade by name; an announcement of a resumption of prior obligations, the maintenance of a status quo, or a return to a previously agreed baseline qualifies, provided the substantive policy of ending or suspending the blockade is clearly and unambiguously communicated.

A qualifying announcement must be made through official channels, by an individual acting in an official capacity. Statements made incidentally or informally in a context not intended for official communication do not qualify.

The following do not qualify:

Anonymous, unattributed, or leaked statements not confirmed as official;
Statements by persons not authorized to speak for the United States government;
Third-party speculation, analysis, or predictions that the United States government will announce or implement an end to the blockade;
Satirical, fabricated, hacked, or impersonated communications; and
Statements that describe a prospective, contingent, probable, or conditional end to the blockade rather than announcing a present and decided position.

Once a qualifying announcement is made, this market will resolve to “Yes” regardless of whether it is later reversed, or whether the blockade actually ends in practice.

Resolution will be based on official information from the United States government, including the President, the Department of Defense, the Department of State, and United States Central Command (CENTCOM), or the official representatives of the United States government.


12月31日

10月31日

美国宣布结束对伊朗的封锁…… ？

This market will resolve to "Yes" if a state of ceasefire remains in effect between Israel and Iran through the listed date, 11:59 PM Iran Standard Time (IRST). Otherwise this market will resolve to “No”. 

A state of ceasefire will be considered to no longer be in effect between Israel and Iran if either Israel or Iran takes a qualifying military action against the other country between market creation and the listed date, 11:59 PM IRST.

A qualifying military action refers to an air strike or a surface-to-surface missile strike, initiated by Israel or Iran, that directly impacts the other country. 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 Israel or Iran do not constitute a military action regardless of any damage incurred.

A military action will be considered to impact Israel or Iran if it directly impacts the terrestrial territory of Israel or 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 the relevant state 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 (IRST) 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, this market will resolve 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 Israel and Iran and credible reporting.

9月30日

以色列x伊朗停火持续到... ？

This market will resolve to “Yes” if Israel initiates a major closure of its airspace by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

A “major closure” is defined as a broad closure, cancellation, or complete suspension of commercial aviation across the entirety of Israeli civilian airspace or a region encompassing a majority of Israeli civilian airspace, including commercial flights transiting, arriving in, and departing from that airspace. A qualifying closure must apply generally to all flights across Israel or a qualifying subset of Israeli airspace. Limited cancellations, delays, temporary ground stops or isolated regional closures will not qualify. Limited exceptions to a broad closure, however, will not disqualify such a closure from counting (e.g. exceptions for certain pre-approved flights may be permitted).

Warnings, No-Fly-Zones, flight suspensions, or other flight restrictions imposed by airlines or countries other than Israel will not be sufficient for a “Yes” resolution.

Airspace closures which occur solely due to weather conditions will not qualify.

The primary resolution source for this market will be official information from Israeli aviation authorities; however, a consensus of credible reporting may also be used.

5月8日

以色列通过……关闭其领空？

A presidential election is scheduled to take place in Brazil on October 4, 2026.

This market will resolve according to the listed candidate that wins this election.

This market includes any potential second round. If the result of this election isn't known by June 30, 2027, 11:59 PM ET, the market will resolve to "Other".

This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the Brazilian government, specifically the Superior Electoral Court (Tribunal Superior Eleitoral, TSE) (e.g., https://dadosabertos.tse.jus.br/).

路易斯·伊纳西奥·卢拉·达席尔瓦

Flávio Bolsonaro

巴西总统选举

Legislative elections are schedule to be held in Israel on October 27, 2026. 

This market will resolve to the next individual who is officially appointed and sworn in as Prime Minister of Israel following the 2026 parliamentary election. If an election is called early, this market will immediately resolve to the individual who is officially appointed and sworn in after that election.

To count for resolution, the individual must be formally sworn in. Any interim or caretaker Prime Minister will not count toward the resolution of this market.

If no such Prime Minister is sworn in by December 31, 2027, 11:59 PM ET, this market will resolve to “Other”.

The primary resolution source for this market will be official information from the Government of Israel; however, a consensus of credible reporting may also be used.

加迪·埃岑科特

本杰明·内塔尼亚胡

下次选举后的以色列总理？

Parliamentary elections are to be scheduled to be held in Russia in September 2026.

This market will resolve according to the political party that gains the greatest number of seats in the next Russian State Duma election, compared to before the election.

If the results are not known definitively by September 30, 2027, 11:59 PM ET, this market will resolve to "Other".

In the event of a tie between multiple parties for the most seats gained, this market will resolve in favor of the party that received a greater number of valid votes. In the event that results in a tie, this market will resolve in favor of the party whose listed abbreviation appears first in alphabetical order.

This market's resolution will be based solely on the number of seats gained by the named party in the State Duma of the Federal Assembly of the Russian Federation.

This market will resolve based on the results of this election, as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results reported by Russian government sources such as the Central Election Commission of the Russian Federation.

统一俄罗斯党（ER）

新人民党（NL）

哪个政党将在俄罗斯议会选举中获得最多席位？

This market will resolve to “Yes” if IMF Portwatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Strait of Hormuz equal to or above 60 for any date between market creation and December 31, 2026. Otherwise, this market will resolve to “No”.

Daily transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships. Ships not reported by IMF Portwatch will not be considered.

This market will resolve as soon as IMF Portwatch publishes a 7-day moving average of transit calls equal to or above the specified level, or once data has been published for the final date in the specified period and no such value has been published. If no data has been published for the final date of the specified period within 14 calendar days (ET) after the end of that period, this market will resolve based on data published up to that point.

Revisions to previously published data points made within this market’s timeframe will be considered. However, they will not disqualify a previously published data point from qualifying. Revisions to previously published data points after data is published for December 31, 2026, however, will not be considered.

In case of obvious data integrity issues (i.e., erroneous data), the market may remain open until the end of the third calendar day (ET) after the date on which such data is first released to allow for corrections. Data integrity issues refer only to clerical or other similar errors in the underlying data, and do not include cases where IMF Portwatch differs from alternative sources.

The resolution source for this market will be IMF Portwatch, specifically the transit calls data published for the Strait of Hormuz at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730, both in the chart and through downloadable files.

Strait of Hormuz traffic returns to normal by December 31?

霍尔木兹海峡的交通在12月31日之前恢复正常？

The next French presidential election is currently expected to be held around April 2027.  This market pertains to the outcome of the next French presidential election, regardless of whether it follows the scheduled end of the current term or is held earlier. 

The President of France is elected via a two-round system; a candidate must secure over 50% of the vote to win outright in the first round. If no candidate achieves this, the top two contenders advance to a runoff.

This market will resolve according to the candidate who wins this election.

This market includes any potential second round. If, for any reason, the results of the election are not known by December 31, 2027, 11:59 PM ET, this market will resolve to "Other".

This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the French Government, specifically the Ministry of the Interior (https://www.interieur.gouv.fr/).

分组项标题：玛丽娜·勒庞

爱德华·菲利普

下届法国总统选举

This market will resolve to “Yes” if the named individual wins and accepts the 2028 nomination of the Republican Party for U.S. president. Otherwise, this market will resolve to “No”.

The resolution source for this market will be a consensus of official Republican Party sources.

Any replacement of the Republican nominee before election day will not change the resolution of the market.

J.D. Vance

分组项标题：马科·鲁比奥

2028年共和党总统候选人

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.(see: https://www.aljazeera.com/news/2026/6/22/us-iran-agree-on-roadmap-towards-final-deal-in-switzerland-talks). 

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.”

A qualifying round must be a deliberate in-person diplomatic meeting or negotiating round concerning US-Iran relations, involving senior representatives of both the United States and Iran who are acting in an official capacity and are authorized to conduct or materially direct diplomacy on behalf of their governments.

Indirect in-person diplomacy through designated mediators, facilitators, or interlocutors will qualify, provided senior representatives of both the United States and Iran are participating in the same formal diplomatic process with the knowledge and authorization of their respective governments. The representatives need not be in the same room at the same time.

Follow-on technical talks from the June 22 Switzerland round will not qualify by themselves. Technical, staff-level, working-group, implementation, monitoring, preparatory, or deconfliction meetings will not qualify unless they occur as part of a new formally convened senior-level U.S.-Iran peace-talks round.

Brief greetings, chance encounters, photo opportunities, ceremonial appearances, or talks not deliberately aimed at diplomacy or negotiation will not count.

The meeting must be in-person (including indirect in-person meetings) and must be publicly acknowledged by either government or reported by a consensus of credible media. Remote meetings, phone calls, or other meetings where the relevant parties are not present will not count.

The resolution sources for this market will be official information from the governments of the United States and Iran, and a consensus of credible reporting.


2027年3月31日

2026年12月31日

下一轮美伊和平谈判由... ？

This market will resolve to "Yes" if the Supreme Leader of Iran, Mojtaba Khamenei, ceases to be the de facto leader of Iran at any point between market creation and the listed date (ET). Otherwise, this market will resolve to "No".

Mojtaba Khamenei will be considered to no longer be the de facto leader of Iran if he is removed from power, is detained, or otherwise loses his position or is prevented from acting as the de facto leader of Iran within this market's timeframe.

An official announcement of Mojtaba Khamenei’s resignation or removal will qualify for a "Yes" resolution regardless of when the announced departure goes into effect.

The primary resolution source for this market will be a consensus of credible reporting. 

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