Iran says it expects to hold another round of negotiations tonight or tomorrow as US-Iran peace talks continue in Islamabad. The US-Iran ceasefire by April 15 market sits at
Market reaction
The April 15 market at
Why it matters
Trading volume is thin, but the uniform 100% YES pricing across all sub-markets means no trader is currently willing to bet against the ceasefire holding at any deadline through year-end. Vice President JD Vance is engaging Iranian officials in Islamabad, and the current ceasefire was brokered by Pakistan. At a 22¢ entry point, a YES share pays out $1 if the ceasefire holds, a low-yield position suited to risk-averse traders.
What to watch
Official announcements following these negotiations could move markets if they signal a breakdown or a formal agreement. Shifts in rhetoric from Trump, Rubio, or Hegseth would be the most likely catalysts for any repricing. Any confirmed progress or new intermediary involvement would reinforce the current odds.
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