A more than $120 million Polymarket market on a potential U.S.-Iran peace deal has entered the platform's dispute process, with traders divided over whether the agreement announced before the June 15 deadline meets the market's resolution criteria.
The market asked whether the United States and Iran would agree to a "permanent peace deal" by June 15. Under the rules, a qualifying agreement must "explicitly indicate that military hostilities between the two countries have ended or will permanently cease," or otherwise clearly signal a "lasting end to hostilities."
As of Wednesday morning, the market remained in Polymarket's dispute process, which allows holders of UMA's governance token to cast their vote on contested market outcomes.
While voting is still ongoing, more than 99% of voting power has backed a "Yes" outcome, according to the market page. The June 15 contract has attracted more than $120 million in volume and is one of the largest political markets currently on Polymarket.
Votes on U.S.-Iran peace deal market resolution. Source: UMA
