Trade: Iran nuclear test before 2027?
Resolution criteria on PolyGram: This market will resolve to "Yes" if Iran conducts a nuclear test by December 31, 2026 11:59pm ET. Otherwise, this market will resolve to "No". A nuclear test is defined as the intentional non-combat detonation of a device by Iran that produces a nuclear chain reaction (fission or fusion), regardless of yield. Accidents, radiological dispersal devices (bombs that spread radioactive material using conventional explosives such as "dirty bombs"), or actions by third parties will not count toward this market's resolution. Tests not explicitly claimed by Iran may still qualify if a clear consensus of credible reporting attributes the nuclear detonation to Iran.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
- Liquidity
- $18K
- Total Volume
- $190K
- 24h Volume
- $170
- Open Interest
- $30K
Market outcomes
| Iran nuclear test before 2027? | 9% YES | 91% NO |
Market context
Iran conducting a nuclear weapons test before the end of 2026 represents a significant escalation from its current nuclear posture. The Islamic Republic has developed substantial uranium enrichment capabilities and possesses fissile material stocks, yet has not detonated a nuclear device since the 1979 revolution. The current 9% implied probability on Polymarket reflects a low but non-negligible tail risk, with the order book pricing in meaningful uncertainty around Iranian decision-making over the next two years.
Historical precedent suggests nuclear tests follow extended periods of technical preparation and political calculation. Pakistan conducted its first test in 1998 after roughly two decades of weapons development; North Korea waited until 2006 despite possessing fissile material earlier. Iran's nuclear programme has advanced significantly since the 2015 JCPOA, but moving from latent capability to an actual test represents a qualitatively different commitment. The 9% probability reflects scepticism that Iran would cross this threshold within the compressed timeframe, given the severe international consequences and the absence of clear technical necessity for a test to validate existing designs.
Near-term catalysts include ongoing International Atomic Energy Agency inspections, negotiations around potential nuclear agreements, and developments in US-Iran relations following leadership transitions. The IAEA's quarterly reports on Iranian enrichment levels and stockpiles provide concrete data points. Geopolitical escalation in the Middle East, particularly involving Israel or US military posturing, could alter incentive structures. Traders should monitor statements from Iranian nuclear officials and any sudden changes in enrichment activities or facility operations that might signal test preparations.
Wikipedia Context
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Nuclear program of IranThe nuclear program of Iran consists of an extensive infrastructure of research sites, uranium mines, research reactors, uranium processing facilities, enrichment sites, the Bushehr Nuclear Power Plant—the country’s sole operational power reactor, currently expanding with two additional units—and the developing Darkhovin Nuclear Power Plant in Khuzestan. The
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Iran nuclear dealThe Joint Comprehensive Plan of Action, more commonly known as the Iran nuclear deal or Iran deal, was an agreement to limit the Iranian nuclear program in return for sanctions relief and other provisions. The agreement was finalized in Vienna on 14 July 2015, between Iran and the P5+1 together with the European Union.
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Iran nuclear deal framework
The Iran nuclear deal framework was a preliminary framework agreement reached in 2015 between the Islamic Republic of Iran and a group of world powers: the P5+1 and the European Union.
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Iran Nuclear Agreement Review Act of 2015
The Iran Nuclear Agreement Review Act of 2015 (INARA) is a bill that was passed by the US Congress in May 2015, giving Congress the right to review any agreement reached in the P5+1 talks with Iran aiming to prevent Iran from obtaining nuclear weapons.
How this market resolves
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.
How to trade this market step by step
The mechanics for trading "Iran nuclear test before 2027?" are the same as any other PolyGram political event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
- Sign in on polygram.ink with your email — no full KYC under $1,500 lifetime trading volume.
- Deposit USDC on Polygon (lowest fees, ~$0.01 per transaction) or Ethereum. Funds credit after 12 confirmations.
- Pick a side. Buy YES if you believe the event will happen; buy NO if you think it won't. The current YES price reflects the market's collective probability.
- Size your position. If you stake 100 USDC at 9% YES, you'll receive shares that pay $1111 if YES resolves true — a 1011% gross return. If NO resolves, your shares are worth $0.
- Set risk controls (optional). Stop-loss, take-profit, and limit-order types all supported. Use the trade ticket's slippage box to cap your maximum entry price.
- Wait for resolution. When the event resolves on-chain via the UMA optimistic oracle, the winning side settles to 100¢ automatically and USDC hits your balance within seconds. Withdrawable to any wallet you control.
How active is this market?
$190K in lifetime turnover and $18K of resting liquidity puts this market in the above the median by volume for politics contracts on PolyGram. Order-book depth is modest — expect a couple of cents of slippage on $1k+ trades.
Last 24 hours alone saw $170 in turnover, consistent with the market's lifetime daily-average pace.
The market has been open for 6 months — long enough that the order book is mature and price is well-anchored to fundamentals.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
Key terms
- YES / NO share
- A binary outcome token that pays $1.00 if the underlying claim resolves true (YES) or false (NO), and $0 otherwise. The market price between 0¢ and 100¢ is the implied probability.
- CLOB
- Central limit order book. The matching engine that pairs YES buyers with NO buyers (effectively the same trade). Polymarket's CLOB on Polygon executes trades on-chain via the conditional-tokens framework.
- Liquidity
- USDC capital sitting in resting limit orders inside the order book. Deeper liquidity means smaller slippage on large trades and a tighter bid-ask spread.
- UMA optimistic oracle
- The on-chain dispute system that settles each Polymarket market. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution.
- Slippage
- The difference between the displayed mid-price and your fill price. Affects market orders most; limit orders avoid slippage but may take time to fill.
- Conditional token
- ERC-1155 outcome share issued by Gnosis Conditional Tokens on Polygon. The token type that resolves to $1.00 or $0.00 at settlement.
Frequently asked questions
What is the current probability for "Iran nuclear test before 2027?"?
As of today, traders on Polymarket price this outcome at 9%. The number updates continuously as the order book clears. PolyGram mirrors the same live odds with locale-aware formatting and USDC settlement.
How does this market resolve?
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.
When does this market close?
This prediction market is scheduled to close on 31 December 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
How can I trade on "Iran nuclear test before 2027?"?
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
What happens when the market resolves?
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Risk and regulatory note
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
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