Name: Will the US officially declare war on Iran in 2025?
Start: 2025-06-22T01:30:27.379682Z
End: 2025-12-31T00:00:00Z

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This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress between June 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

US declares war on Iran

Will the US officially declare war on Iran in 2025?

This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress by July 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Iran before August?

This market will resolve to "Yes" if the United States formally declares war on Iran through an act of Congress by June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

To qualify, Congress must pass a formal declaration of war, consistent with its constitutional authority under Article I, Section 8. Authorizations for the use of military force (AUMFs), executive orders, presidential statements, or military actions do not qualify unless accompanied by a formal declaration of war enacted by Congress and signed into law.

The resolution source will be a clear consensus of credible reporting.

Will the US officially declare war on Iran before July?

This market will resolve to “Yes” if active regular US military personnel physically enter Iran for combat operations at any point between June 21, 2025, and December 31, 2025, 11:59 PM ET.

US military personnel must physically enter the terrestrial territory of Iran to qualify. Entering Iran's maritime or aerial territory will not count.

High ranking US service members entering Iran for diplomatic purposes (and their accompanying entourage), military contractors, military advisors, and special operation forces will not qualify.

The resolution source will be a consensus of credible reporting.

US forces in Iran in 2025?

This market will resolve to "Yes" if both of the following conditions are met by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".


1. The US initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates between June 18, and December 31, 2025, 11:59 PM ET. 

For the purposes of this market, a "military action" will be considered to be any use of force executed by the US military on Iranian soil, airspace, or maritime territory (e.g. if a weapons depot on Iranian soil is hit by an US missile) that is officially acknowledged by the US government or a consensus of credible reporting. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market.


2. The Islamic Republic of Iran’s current ruling regime is NOT overthrown, collapsed, or otherwise ceases to govern by December 31, 2025, 11:59 PM ET. 

The Islamic Republic of Iran’s current ruling regime will be considered overthrown if a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.

Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.

Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran.

The resolution source will be a consensus of credible reporting.

Note: If the Iranian regime falls - as defined above - prior to a qualifying U.S. military action, this market will immediately resolve to "No". 

Will the Iranian regime survive U.S. military strikes?

This market will resolve to "Yes" if the United States of America enters a state of civil war by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The resolution source for this market will be a wide consensus of credible reporting confirming the US is in a civil war.

Note: Media reports that use the phrase "civil war" metaphorically will not count. Only a wide consensus of reporting that the US has entered a literal civil war will qualify.

US civil war in 2025?

On June 13, Iranian leaders announced they no longer plan to engage in nuclear talks with the U.S. that were scheduled to take place in Oman on Sunday (see: https://thehill.com/policy/international/5348689-iran-nuclear-deal-talks-suspended/).

This market will resolve to "Yes" if it is confirmed that official nuclear-related negotiations between the United States and Iran resume at any point on by December 31, 2025, at 11:59 PM ET. Otherwise, the market will resolve to "No".

To qualify, the talks must involve official representatives of both governments and focus primarily on nuclear issues, such as uranium enrichment, sanctions relief, IAEA inspections, or the JCPOA. Talks may be direct or mediated, and may occur in person or virtually.

Only the actual resumption of talks will count; announcements that talks have been scheduled to resume will not alone qualify.

Unofficial backchannel communications, general diplomatic meetings not centered on nuclear issues, or one-sided public proposals will not qualify.

The market will resolve based on a consensus of credible reporting.

US x Iran nuclear talks resume by December 31? 

This market will resolve to "Yes" if Donald Trump and Ali Khamenei speak directly to one another between June 26, 7:00 PM ET, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any conversation that occurs directly between Donald Trump and Ali Khamenei will qualify, regardless of whether it is over the phone, videocall, or in person. The conversation must be voice-based, not text-based.

The primary resolution source for this market will be information from the governments of Iran and the United States, however a consensus of credible reporting will also be used.

Trump x Khamenei talk in 2025? 

This market will resolve to "Yes" if either Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate, or Iran initiates a drone, missile, or air strike on Israeli soil or any official Israeli embassy or consulate, by 11:59 PM ET on the listed date. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones or missiles (including cruise or ballistic missiles) launched by Israeli or Iranian military forces that impact the other party’s ground territory or any official embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an Israeli missile, or an Israeli air base is hit by an Iranian drone, this market will resolve to "Yes") that is officially acknowledged by the relevant government or a consensus of credible reporting.

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on the opposing party’s territory or cause damage.

Israel x Iran ceasefire broken by March 31, 2026?

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Afghanistan between June 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by Afghanistan or the United States as of June 19, 2025, 12:00 PM ET, will be considered the sovereign territory of that country.

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

Will the U.S. invade Afghanistan in 2025?

This market will resolve to "Yes" if, the Israeli government officially and unambiguously acknowledges that it possesses nuclear weapons by December 31, 2025 at 11:59 PM ET. Otherwise, this market will resolve to "No".  

Leaked documents, anonymous sources, or reports from non-Israeli officials will not alone qualify.

The resolution source will be a consensus of credible reporting. 

Israel confirms it has nuclear weapons in 2025?

This market will resolve "Yes" if the bill listed is signed into law by the President of the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A bill will only qualify if it receives the President’s signature and becomes law through the normal legislative process. Vetoed bills, bills passed only by one chamber, or those that fail to reach the President’s desk, will not qualify.

The primary resolution source will be official information from Congress.gov or the White House; however, a consensus of credible reporting may also be used if ambiguity arises.

Will the Sanctioning Russia Act of 2025 (S.1241) be signed into law by December 31 2025?

This market will resolve to "Yes" if the US initiates a drone, missile, or air strike on Yemen soil or any official Yemen embassy or consulate by  December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones or missiles (including cruise or ballistic missiles) launched by US military forces that impact Yemen ground territory or any official Yemen embassy or consulate (e.g., if a weapons depot on Yemen soil is hit by an US missile, this market will resolve to "Yes").

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on Yemen territory or cause damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes directly, ground incursions, naval shelling, cyberattacks, or other operations conducted by US ground operatives will not qualify.

The resolution source will be a consensus of credible reporting.

US strikes Yemen by December 31?

This market will resolve to "Yes" if the United States formally acquires any part of Canadian territory by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

Acquisition must be through official government action, such as annexation, treaty, or legislation.

The resolution source will be official information from the U.S. government however a consensus of credible reporting may also be used.



Will the U.S. acquire Canadian territory in 2025?

This market will resolve to "Yes" if there is a military encounter between the military forces of the United States and Russia between May 28 and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between U.S. and Russian military forces. Non-violent actions, such as airspace violations, firing of warning shots (such as the June, 2021 Black Sea Confrontations between Russian forces and HMS Defender), or cyberattacks will not qualify. 

Intentional physical collisions, including aerial interceptions and naval ramming without the direct use of weaponry, such as the 2023 Black Sea incident—where a Russian Su-27 damaged a U.S. MQ-9 Reaper drone's propeller, leading to its crash— will not qualify regardless of damage. 

Military contractors will qualify only if confirmed to be operating under the direct command or coordination of the respective state’s armed forces (e.g. the Battle of Khasham would not qualify).

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


US x Russia military clash by June 30, 2026?

This market will resolve to "Yes" if the President of the United States, any member of the Cabinet of the United States, any member of the Joint Chiefs of Staff, or any US federal agency definitively states that extraterrestrial life or technology exists by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the government of the United States, however a consensus of credible reporting will also be used.

Will the US confirm that aliens exist in 2025?

This market will resolve to “No” if any of the following conditions are met between September 10, 2025, 6 PM ET, and December 31, 2025, 11:59 PM ET:

- Nuclear weapon detonated
- Trump wins the Nobel Peace Prize
- Ukraine election called
- US-Russia nuclear deal
- Mass Gaza population relocation
- Ukraine agrees to give up the rest of Donbas

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
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Nothing Ever Happens: Military Edition

This market will resolve to "Yes" if an official agreement on nuclear arms control or strategic nuclear weapons limitation is reached between the United States and the Russian Federation between August 14, 2025 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Only agreements that are publicly announced and acknowledged by both the U.S. and Russia will qualify. The agreement must pertain to nuclear arms control or limitation—such as a treaty, framework, or memorandum—addressing matters including (but not limited to) nuclear warheads, delivery systems, verification mechanisms, or strategic stability.

An extension, amendment, or replacement of the New START treaty will qualify, provided it is publicly announced as a concluded agreement by both parties within the time frame. Exploratory discussions or stated intent to extend without a finalized agreement will not qualify.

Agreements that include both the United States and Russia as named parties—whether bilateral or as part of a broader multilateral framework—will qualify, provided the agreement directly addresses nuclear arms control.

The agreement does not need to be ratified or implemented for this market to resolve "Yes"; a formal announcement of a concluded agreement is sufficient.

The primary resolution source for this market will be official statements from the U.S. government (e.g., the White House, State Department) and/or the Russian Federation (e.g., the Kremlin, Ministry of Foreign Affairs). However, a clear and overwhelming consensus of credible reporting confirming that such an agreement has been reached will also qualify.

U.S. x Russia Nuclear deal by December 31?

Tehran, the Iranian capital, is experiencing a crisis as a historic drought has led the local water supply to run low. You can read more about that here: https://www.newsweek.com/irans-capital-running-dry-in-historic-water-crisis-10987433.

This market will resolve to “Yes” if the national government of Iran, the government of Tehran Province, or the government of Tehran Municipality, including the Tehran City Council, orders a major evacuation of the city of Tehran due to the ongoing water crisis by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

A major evacuation order is defined as an official government order mandating or instructing a majority of Tehran’s residents to leave the city. The order must explicitly reference the ongoing water shortage or associated infrastructure failure as a primary reason for evacuation to qualify for resolution.

A limited evacuation order affecting only a minority of the residential population of the city of Tehran, or an evacuation order due primarily to reasons other than the ongoing water crisis will not qualify.

The primary resolution source for this market will be information from the Iranian government; however, a consensus of credible reporting will also be used.

Evacuation of Tehran ordered in 2025?

This market will resolve to "Yes" if the United States withdraws all conventional combat forces from Syria by December 31, 2025, 11:59 PM ET.

This market refers only to conventional U.S. military forces operating under the Ministry of Defense, such as ground forces, air forces, or naval personnel. The presence of private military contractors (PMCs), military advisors, or special operations forces will not disqualify the market from resolving to "Yes," provided there are no conventional U.S. military forces actively operating in Syria.

For this market to resolve to "Yes," it is sufficient that the United States announces all conventional combat forces have withdrawn from all Syrian territory, regardless of whether some Syrian territory remains under their control.

The primary resolution source for this market will be official statements from the U.S. government be a consensus of credible reporting may also be used.

U.S. withdraws from Syria in 2025?

This market will resolve to "Yes" if the Trump administration officially announces that they will be sending US troops to Ukraine as part of a peacekeeping force by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to “No”.

A qualifying announcement must be part of a formal agreement between the United States and another country or international organization or otherwise indicative of a formalized policy.

Announcement which are statements of intent, contingent, or otherwise are not indicative of a formalized policy will not count.

The primary resolution source for this market will be official information from the Trump administration, however a consensus of credible reporting will also be used.

Will the US officially declare war on Iran in 2025?

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Will the US officially declare war on Iran in 2025?

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Will the US officially declare war on Iran in 2025?

Order Book

Market Context

Will the US officially declare war on Iran in 2025?

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