Iranian negotiators received a Pakistani military escort home from peace talks, citing possible Israeli attacks. The odds of Trump agreeing to Iranian demands in April now sit at 60.5% YES.
Market reaction
Markets on Trump’s agreement moved lower after the escort news broke. The market dropped 2 points earlier today to 34%, and traders have priced in greater escalation risk. Daily trading volume is $1,977 in USDC, a thin market where just $286 can move the odds 5 percentage points. The largest single move in the past 24 hours was that 2-point drop at 12:19 PM, which came as the escort story circulated.
Why it matters
A Pakistani military escort for Iranian diplomats is a concrete signal that both Tehran and Islamabad view Israeli strikes as a real near-term possibility. That perception directly reduces the chance of a sanctions deal by April’s end, because any military incident between Israel and Iran would almost certainly freeze negotiations. The thin liquidity in this market means even a small number of informed traders can reprice the odds quickly.
What to watch
Any shift in Trump’s rhetoric toward Iran, or unexpected diplomatic contact between Washington and Tehran, would be the most direct catalyst for a market move. Israeli military posture and Pakistani statements about their role as intermediary also matter. A change in tone from any of these parties could push odds sharply in either direction given the low volume.
Odds and payout
At 60.5¢, a YES share pays $1 if Trump agrees, for a 2.82x return. That bet requires believing a diplomatic breakthrough happens before the end of April.
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