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.

This market will resolve to "Yes" if the United States commences a military offensive intended to establish control over any portion of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purposes of this market, land de facto controlled by Iran or the United States as of November 4, 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.

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.

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.

On June 14, 2026, the United States and Iran announced a written diplomatic agreement, including a 60-day extendable period in which both countries committed to negotiate toward a “final deal” regarding Iran’s nuclear program and other topics. This market resolves to “Yes” if a qualifying written diplomatic instrument between the United States and Iran has been mutually signed or adopted by the specified date, 11:59 PM ET. Otherwise, this market resolves to “No.” Unless the written instrument is formally adopted without signature as described below, the instrument must be signed by both the United States and Iran. Both parties must either sign the same document or sign individual documents that substantively and directly indicate acceptance of the same underlying instrument, regardless of minor formatting, wording, or translation differences between the signed versions. Both physical signatures and officially-issued electronic signatures will qualify as signatures. If the written instrument is recognized by the United States and Iran as not requiring signature for execution, formal adoption of the instrument by both countries without signature will qualify. Formal adoption may be established by official actions, including: (i) an official joint statement announcing that the United States and Iran have adopted, approved, executed, concluded, or otherwise finalized the instrument; (ii) mutual official confirmation that the same published instrument has been agreed to, adopted, approved, executed, or concluded by both countries; (iii) adoption, approval, or endorsement through an official resolution, ministerial decision, executive decision, or equivalent institutional act, where that act is the mechanism by which the relevant country adopts the instrument; or (iv) an exchange of official diplomatic notes or letters confirming acceptance of the same instrument. A qualifying written diplomatic instrument must: (i) Be identified as the final deal contemplated by the June 14, 2026, memorandum of understanding, either in official United States or Iranian communications, or by a consensus of credible reporting; (ii) Establish at least one specific obligation limiting Iran's nuclear program through a concrete, measurable benchmark against which compliance could be tested, which may take the form of a defined limit, prohibition, or quantity (e.g., a specific cap on the purity level to which Iran may enrich uranium, or an explicit commitment for Iran to surrender, destroy, or dilute its enriched uranium stockpile). Non-specific or vague restrictions, with no defined metric (e.g., a pledge not to pursue nuclear weapons, a commitment to maintain the status quo, or an agreement to abide IAEA monitoring or inspections requirements that do not specifically restrict Iran’s nuclear program) will not qualify. The content of the qualifying instrument must be expressed as an agreed obligation to be implemented. The following do not qualify: (i) a provision the substantive obligation of which remains explicitly subject to a future agreement, negotiation process, or mutually agreed follow-on instrument; (ii) a provision explicitly framed as a minimum requirement for a future negotiation, rather than a present obligation; (iii) a floor, placeholder, or minimum standard established explicitly for the purpose of structuring ongoing or future talks. A definite and unconditional obligation may qualify, even if technical or procedural details, including the exact implementation date, timeframe, or sequencing, remain subject to future arrangements, provided that the obligation still establishes a concrete, measurable benchmark against which compliance could be tested. Conditional obligations do not qualify. Whether an instrument qualifies will be primarily determined by its officially released text. A qualifying instrument must be signed or formally adopted by both the United States and Iran by the specified date, 11:59 PM ET. If such an instrument is signed or formally adopted by that time, but the complete text has not been released, and genuine material ambiguity remains as to whether it satisfies this market’s requirements, this market may remain open for up to 28 calendar days after the specified date pending release of the text. If the text has still not been released after 28 calendar days, official and definitive announcements from the United States or Iran, and a consensus of credible reporting, will be used to determine whether the instrument qualifies. An instrument to which parties other than the United States and Iran are also party will qualify, provided that both the United States and Iran are parties to the instrument and all other requirements are satisfied. Once a diplomatic instrument has been signed or formally adopted without signature by both the United States and Iran and confirmed to satisfy the requirements of a qualifying written diplomatic instrument, this market’s condition is met, regardless of whether the instrument later enters into force, is ratified, receives legislative or treaty consent, or is subsequently repudiated, withdrawn from, or not implemented by the United States or Iran. The primary resolution sources for this market will be official communications from the governments of the United States and Iran, or their authorized representatives. A consensus of credible reporting from major news agencies of record may also be used.

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.

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.

This market will resolve to “Yes” if the named individual wins and accepts the 2028 nomination of the Democratic Party for U.S. president. Otherwise, this market will resolve to “No”. The resolution source for this market will be a consensus of official Democratic Party sources. Any replacement of the democratic nominee before election day will not change the resolution of the market.

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 August 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 August 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.

This market will resolve to "Yes" if the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". The primary resolution source is Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official information from the government of the United States, however other credible reporting may be used.

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/).

This market will resolve to “Yes” if Donald Trump resigns or is removed as President or otherwise ceases to be the President of the United States for any period of time by August 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Donald Trump's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect. Only permanent removal from office will qualify. Temporary removal (e.g. temporary invocation of the 25th Amendment under Section 3 or a Section 4 invocation not sustained by both Houses of Congress) or impeachment without removal will not count. A sustained invocation of the Twenty-Fifth Amendment, Section 4 (i.e., if both Houses of Congress, by two-thirds vote, uphold the Vice President and Cabinet’s determination of presidential inability) will qualify for a "Yes" resolution. The resolution source for this market will be a consensus of credible reporting.