Iran is reviewing a US proposal relayed through Pakistan. The odds of no diplomatic US-Iran meeting by June 30 are at 1.9% YES, up from 2% yesterday, in the US-Iran diplomatic meeting market.
Market reaction
The “no meeting” contract doubled from 2% to 4% on the news. The market trades about $400 in USDC daily, and it only takes $462 to move the price 5 points, so it’s thin enough that a single larger order could shift odds meaningfully. Separately, the US-Iran ceasefire announcement market jumped to 18% YES from 8% a day ago, with a 3-point spike recently. That market’s depth is similar: $498 to move the price 5 points.
Why it matters
The ceasefire market more than doubling in a day while the diplomatic meeting market barely moves creates a tension. Traders are pricing in higher risk that the ceasefire breaks down even as Iran reviews a new US proposal through a Pakistani intermediary. Pakistan’s role as go-between is itself notable, since previous rounds of communication used Omani channels.
What to watch
If Iran engages further with the proposal, the odds of a meeting by June 30 could drop, making NO shares at 1.9¢ a potential value bet. For that to pay, talks would need to advance significantly in 73 days. Official comments from the White House or Iran’s Foreign Ministry would be the clearest signal of progress or breakdown. Any confirmation of a scheduled meeting could move the market fast given its thin liquidity.
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Where Will The Next Us Iran Diplomatic Meeting Happen 455| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| June 30 | 1.9% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| June 30 | 6.5% | — | — | Trade → |
| December 31 | 15% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 21 | 17.5% | — | — | Trade → |