The collapse of US-Iran ceasefire talks in Islamabad on April 12, mediated by Pakistan, without agreement on reopening the Strait of Hormuz has driven trader skepticism toward extension of the fragile two-week truce announced by President Trump on April 8 following a month of military exchanges over Iran's nuclear program and regional proxies. With the initial period nearing its April 21 end, President Trump's subsequent order for a US Navy blockade of the strait signals escalation risks, yet trader consensus prices an extension to April 21 at 45%, reflecting uncertainty amid diplomatic backchannels, Iran's 10-point proposal demands, and potential for last-minute de-escalation before renewed airstrikes or sanctions. Upcoming negotiations or proxy incidents could tip the balance in this closely contested market.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedUS x Iran ceasefire extended by...?
US x Iran ceasefire extended by...?
$443,363 Vol.
April 14
2%
April 21
45%
$443,363 Vol.
April 14
2%
April 21
45%
Both extensions of the April 7 ceasefire and new agreements scheduled to take effect before or at the initial agreement's scheduled end will be considered extensions of the ceasefire agreement, provided there is no period during which no ceasefire is in effect.
If a qualifying agreement is officially reached before the resolution date, this market will resolve to “Yes,” regardless of whether the ceasefire extension ultimately takes effect.
An extension of the ceasefire agreement requires clear public confirmation from both the United States government and the government of Iran that they have agreed to halt military hostilities against one another for longer than the initially agreed two-week period, or for an official extension of the ceasefire agreement in place to be otherwise confirmed by an overwhelming consensus of media reporting.
Any form of informal understanding, backchannel communication, de-escalation, or unilateral pause in hostilities without a confirmed agreement on a qualifying extension will not qualify. Similarly, newly agreed-upon humanitarian pauses, limited operational pauses, or temporary tactical stand-downs will not qualify.
A newly agreed-upon broader peace deal will qualify if it includes a qualifying extension of the ceasefire agreement/halt in military hostilities. Agreements that outline future negotiations or de-escalation measures, but do not explicitly commit to extending the ceasefire, will not qualify.
This market’s resolution will be based on official statements from the United States government and the government of Iran. However, an overwhelming consensus of credible media reporting confirming that an official ceasefire extension agreement has been reached will suffice.
Market Opened: Apr 8, 2026, 1:16 PM ET
Resolver
0x65070BE91...Both extensions of the April 7 ceasefire and new agreements scheduled to take effect before or at the initial agreement's scheduled end will be considered extensions of the ceasefire agreement, provided there is no period during which no ceasefire is in effect.
If a qualifying agreement is officially reached before the resolution date, this market will resolve to “Yes,” regardless of whether the ceasefire extension ultimately takes effect.
An extension of the ceasefire agreement requires clear public confirmation from both the United States government and the government of Iran that they have agreed to halt military hostilities against one another for longer than the initially agreed two-week period, or for an official extension of the ceasefire agreement in place to be otherwise confirmed by an overwhelming consensus of media reporting.
Any form of informal understanding, backchannel communication, de-escalation, or unilateral pause in hostilities without a confirmed agreement on a qualifying extension will not qualify. Similarly, newly agreed-upon humanitarian pauses, limited operational pauses, or temporary tactical stand-downs will not qualify.
A newly agreed-upon broader peace deal will qualify if it includes a qualifying extension of the ceasefire agreement/halt in military hostilities. Agreements that outline future negotiations or de-escalation measures, but do not explicitly commit to extending the ceasefire, will not qualify.
This market’s resolution will be based on official statements from the United States government and the government of Iran. However, an overwhelming consensus of credible media reporting confirming that an official ceasefire extension agreement has been reached will suffice.
Resolver
0x65070BE91...The collapse of US-Iran ceasefire talks in Islamabad on April 12, mediated by Pakistan, without agreement on reopening the Strait of Hormuz has driven trader skepticism toward extension of the fragile two-week truce announced by President Trump on April 8 following a month of military exchanges over Iran's nuclear program and regional proxies. With the initial period nearing its April 21 end, President Trump's subsequent order for a US Navy blockade of the strait signals escalation risks, yet trader consensus prices an extension to April 21 at 45%, reflecting uncertainty amid diplomatic backchannels, Iran's 10-point proposal demands, and potential for last-minute de-escalation before renewed airstrikes or sanctions. Upcoming negotiations or proxy incidents could tip the balance in this closely contested market.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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