Lebanon’s army is arresting people for celebratory gunfire during the ceasefire. The Israel x Hezbollah ceasefire by April 30 market sits at 93.7% YES.
Market reaction
The Lebanese army’s enforcement actions in Beirut and Baalbek suggest a commitment to maintaining order during the truce. The April 30 ceasefire market has moved from 45% to 93.7% YES over the past week. The June 30 market is higher still at 96.6% YES, with traders pricing in the truce holding beyond April.
The market for Israel’s military action in Beirut remains at 100% YES for past dates, with no new activity expected. The Lebanese army’s enforcement is read as reducing the likelihood of escalation.
Why it matters
The April 30 contract is trading at $1,041,878 in daily USDC volume. The largest recent price move was a 13-point spike, driven by buying interest after news of the Lebanese enforcement actions broke. That volume and that price movement point to real money behind the current odds, not thin-market noise.
What to watch
The main risk is any new military action or breakdown in negotiations. Statements from Lebanese and Israeli officials matter most here, particularly any joint communications or mediations involving the US. A YES share in the April 30 market at 93.7% offers limited upside but the pricing reflects strong conviction. Any sign the Lebanese army is pulling back from enforcement, or any Israeli strikes, would move these markets fast.
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Israel X Hezbollah Ceasefire| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| June 30 | 96.6% | — | — | Trade → |
| April 30 | 93.7% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 14 | 0.1% | — | — | Trade → |
| April 21 | 14.5% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 1 | 100% | — | — | Trade → |
| April 5 | 100% | — | — | Trade → |
| April 9 | 100% | — | — | Trade → |
