As of Oct 29, 2026, 7:17 AM ET, Polymarket priced this market at 39.0% (little changed over 24 hours). It had $63.9K traded in the past 24 hours, $104.3K of order-book liquidity and a bid-ask spread of 2.0 pts. probcast.co rates the support behind this price as strong.
Deep, easy-to-trade market, traded by a small group of accounts.
Source: Polymarket price history
Is the move backed by real trading and depth?
The pricing is supported by healthy trading volume and market depth, a tight spread.
Has the market settled at the new probability?
The probability has held near its current level over the past several hours.
Will the rules resolve without ambiguity?
The resolution rules are relatively specific, with a named source and a defined deadline.
Two different questions: how hard the price is to move, and whose trading set it.
How hard is it to move this price?
Order-book liquidity
$104.3K
Bid-ask spread
2.0 pts
24h volume
$63.9K
Total volume
$266.9K
It would take roughly $6.9K of buying to move the price up by ~5 pts.
Lots of money on the book and a tight spread — a single ordinary order can't move this price much.
Whose opinion is this price?
Accounts
49
Trades
200
over 2 days
Largest order
$6.2K
$24.2K traded across these 200 trades (last 2 days).
A small group of accounts did most of the trading — neither one whale nor a broad crowd.
From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.
This market will resolve to “Yes” if a diplomatic agreement between the United States and Iran over traffic in the strait of Hormuz is announced by the specified date, 11:59 PM ET. A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between the United States and Iran.
This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.
This market will resolve to “Yes” if a diplomatic agreement between the United States and Iran over traffic in the strait of Hormuz is announced by the specified date, 11:59 PM ET. A diplomatic agreement refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that establishes agreed actions, policies, obligations, or commitments between the United States and Iran. A qualifying diplomatic agreement must establish Iranian policies, obligations, or commitments aimed at permitting, restoring, or increasing vessel or shipping traffic through the Strait of Hormuz. All listed countries must announce their acceptance of the same qualifying diplomatic agreement for the Payout Condition to be met. A joint announcement will qualify, as will separate announcements from each entity of its own acceptance of an agreement which, taken together, directly indicate that all the listed countries accepted the same agreement. Separate announcements of individual policies will not qualify if the policies are not announced as part of a diplomatic agreement. Each announcement must be a declarative statement that clearly and unambiguously communicates acceptance of an agreement. Statements that reference ongoing negotiations or a prospective agreement, or that allude to or express support for an agreement without confirming acceptance of the agreement, do not qualify. A qualifying announcement need not reference the agreement by name or use specific terminology, provided it clearly communicates acceptance of an agreement. Whether announcements from the listed countries represent a diplomatic agreement and whether such an agreement qualifies will be primarily determined through the announcements themselves. Where an announcement is made by all listed countries but, based on the announcements, it remains ambiguous whether the announcements represent a qualifying diplomatic agreement between the countries, this market will remain open until either i) definitive confirmation that the announcements represent a qualifying diplomatic agreement between the listed entities is achieved through further announcements from the listed countries or a consensus of credible reporting or ii) 14 calendar days (ET) have passed after the date that the last country made their first potentially qualifying announcement. If, at the end of the fourteenth calendar day, no definitive confirmation has been achieved, 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 of the United States and Iran and a consensus of credible reporting.
The contract must resolve based on what has happened by this date.
Derived from the contract's own mechanics as of Oct 29, 7:31 AM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.
Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: high · expected error ±14 pts.
A tight, deep, quote-driven book with little executed flow. The price is stable but reflects resting quotes more than active trading.
Read the latest price with caution; conditions make it an unreliable summary right now.
Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.
Secondary read: leaning toward Trading normally.
A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.