TOTAL VOLUME:
$114.6b
24H VOL:
$124,291,538
24H TRANSACTIONS:
1,380,975,298
OPEN INTEREST:
$1,192,009,184
337,556
Markets across
34,185
events
MATCHED EVENTS:
3,362
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
December 31
- Polymarket
December 31 - Polymarket
1W
News
Positive
Negative
Neutral
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Vol.
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Resolves Jan 1, 2027
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This market tracks whether Israeli military ground forces will conduct operations within Iranian territory between February 28, 2026, and the end of 2026. On Polymarket, the probability of a confirmed Israeli ground operation in Iran by December 31, 2026, stands at 13.5%, while the likelihood of such an operation occurring by July 31, 2026, is at 1.8%. Resolution will be determined by official Israeli military confirmation or an overwhelming consensus of credible reporting documenting Israeli troops operating on the ground within Iranian territory, as specified by the Israeli military or major news outlets. Watch for any official statements from the IDF or coordinated reporting from credible sources between the February 28, 2026, operation window start and the December 31, 2026, market close.
This market will resolve to "Yes" if participation by Israeli military personnel in a ground operation in Iran on or after February 28, 2026, is confirmed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”. A "ground operation" is defined as a military operation that involves Israeli military ground forces conducting operations within Iranian territory. For the purposes of this market, aerial and maritime operations will not be considered. Only operations involving Israeli troops on the ground within the terrestrial territory of Iran will qualify. Official confirmation by the Israeli military of personnel operating on the ground within Iranian territory during the specified timeframe will resolve this market immediately. An overwhelming consensus of credible reporting confirming that the Israeli military personnel operated on the ground within Iranian territory durring the specified timeframe will also suffice. Qualifying confirmations include statements such as the June 25, 2025, statement by IDF Chief of Staff Lt.-Gen. Eyal Zamir confirmed that Israeli commando forces operated covertly on the ground inside Iran during the 12-day war. Confirmations referring only to non-military Israeli intelligence activity, including operations by the Mossad or Shin Bet, as well as airstrikes, cyberattacks, standoff weapons, remote sabotage, or actions by proxies or third parties without Israeli military presence, will not alone qualify. Incidents that would not alone suffice include the November 2025 Mossad statement indicating its agents were present during protests in Iran, or the July 31, 2024, assassination of Hamas leader Ismail Haniyeh in Tehran, widely attributed to Mossad agents. The primary resolution source for this market will be official information by the Israeli military; however, an overwhelming consensus of credible reporting will also suffice.
Prediction market odds on Polymarket often diverge from traditional analyst forecasts and intelligence assessments because markets aggregate real-time information and financial incentives from thousands of traders. While analysts may rely on classified intelligence, public statements, and historical precedent, prediction markets incorporate breaking news, geopolitical developments, and shifting risk sentiment instantly. Comparing Polymarket implied probabilities to published forecasts from think tanks, defense analysts, and policy experts reveals whether markets are pricing in more or less risk than expert consensus. This gap can signal either market overreaction or analyst lag in incorporating emerging signals about Israeli military intentions.
On Polymarket, the Israel ground operation in Iran market is priced as a binary contract reflecting the probability that a confirmed ground operation occurs by April 30, 2026. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current implied probability reflects trader sentiment on military escalation likelihood, regional tensions, and diplomatic developments. Polymarket's order book shows buy and sell orders across a range of prices, with tighter spreads indicating higher confidence and liquidity. Traders holding YES shares profit if the event resolves affirmatively; NO holders profit if no confirmed ground operation occurs by the deadline. Price discovery on Polymarket is driven by continuous trading and arbitrage activity.
The Israel ground operation in Iran market resolves on Jan 1, 2027. Resolution hinges on whether credible public confirmation of an Israeli ground operation in Iran occurs before that deadline. Confirmation sources typically include official government statements, major international news agencies, military announcements, or widely corroborated reports from multiple independent journalists and defense analysts. The market outcome is binary: either a confirmed ground operation occurs and YES resolves to 100 percent, or the deadline passes without such confirmation and NO resolves to 100 percent. Ambiguous or unconfirmed reports generally do not trigger resolution.
Key catalysts for this market include direct military escalation between Israel and Iran, statements from Israeli or Iranian leadership regarding ground operations, regional proxy activity, international diplomatic interventions, and intelligence leaks. Attacks on Israeli or Iranian territory, mobilization of ground forces, or cross-border incursions could sharply shift odds. UN Security Council activity, U.S. policy shifts, or ceasefire negotiations would also influence trader expectations. Media reports of troop movements, satellite imagery analysis, and statements from defense officials serve as real-time signals. Economic sanctions, oil price shocks, and broader Middle East developments create secondary pressure on market pricing through geopolitical risk reassessment.