Sunday, July 5, 2026GraphArchiveSubscribeDaily · No. 25

The Probable Times

What the world’s prediction markets expect — read as news

Traders Bet GPT-5.6 Slips Past July 7 as Iran Talks Edge Back On

A cluster of near-term bets repriced hard overnight: the AI industry's launch clock, Tehran's diplomatic calendar, Whitehall's next top diplomat, and LeBron James's next jersey all moved by double digits in a single day.

Markets spent the day recalibrating a cluster of near-term bets. Traders now give the next US-Iran peace talks a 46% chance of landing by July 17, up 28 points on the day and 15 over the week, even as the alternate July 31 date climbs to 72%. In tech, GPT-5.6's July 7 launch window cratered to 23%, down 50 points in 24 hours on one contract and 48 points on a companion market now at 27% — traders are pushing their chips toward July 9 (68%) and July 10 (74%) instead. In Whitehall, Wes Streeting's odds of becoming the UK's next Foreign Secretary jumped 42 points to 56%, at David Miliband's expense. And in Cleveland, LeBron James returning to the Cavaliers rose 12 points on the day to 53%, capping a 43-point weekly climb that has scrambled the NBA's offseason futures board.

Today’s biggest movesprobability shifts, volume-weighted
Sports

Will Morocco be eliminated in the Quarterfinals of the World Cup?

53% 78% 24h
$15,227 traded · 24h
Science & Tech

Will GPT-5.6 be released on July 7, 2026?

72% 23% 24h
$34,378 traded · 24h
Sports

Will LeBron James play for the Cleveland Cavaliers in 2026-27?

41% 53% 24h
$143,069 traded · 24h
Science & Tech

GPT-5.6 released by July 7, 2026?

75% 27% 24h
$36,421 traded · 24h
Economy & Crypto

Laso Finance FDV above $5M one day after launch

58% 90% 24h
$20,170 traded · 24h
Politics & Elections

Will Wes Streeting be the next Foreign Secretary of the UK in 2026?

14% 56% 24h
$10,330 traded · 24h
Sports

Will Kylian Mbappe be the top goalscorer at the 2026 FIFA World Cup?

48% 52% 24h
$170,112 traded · 24h
Geopolitics

US x Iran diplomatic meeting by July 17, 2026?

19% 46% 24h
$81,848 traded · 24h

Geopolitics

The Iran diplomatic calendar dominates: markets put a July 17 meeting at 46% (+28 pts/24h, +15/7d), while July 31 climbs to 72% (+13/24h). Pakistan surged to 40% (+29 pts) as likely venue, overtaking Switzerland (18%, -14) and Qatar (16%, -11). Trump's July call list stayed mostly stable — Friedrich Merz at 96% — but Pope Leo XIV and Maria Corina Machado both slid over 35 points on the week. Strait of Hormuz traffic normalizing by July 31 sits at just 16%, down 8 points.

July 1746%▲ 28 24hJuly 3172%▲ 13 24hJuly 102.8%▲ 1 24h
Pakistan40%▲ 29 24hSwitzerland18%▼ 14 24hQatar16%▼ 11 24hNo Meeting by September 309.2%▼ 2 24h
Pope Leo XIV5.5%▼ 1 24hMaria Corina Machado14%▼ 2 24hFriedrich Merz96%▼ 2 24hMohammed bin Salman24%▲ 2 24h
August 3120%▼ 3 24hJuly 319.5%▼ 3 24hJuly 154.8%▼ 20 7d
80+10%▼ 6 24h60+44%▼ 16 24h40+84%▼ 9 24h100+4.5%▼ 2 24h
Strait of Hormuz traffic returns to normal by July 31?16%▼ 8 24h

Politics & Elections

Wes Streeting's stock as next UK Foreign Secretary leapt 42 points to 56%, pulling share from David Miliband (12%, -15) and a no-appointment outcome (26%, -18). Bosnia's premiership race tightened, with Nermin Nikšić down 10 to 28% and Elmedin Konaković up 6 to 24%. The Fed is priced for a July hold at 90% (+8/7d). Samuel Alito's retirement odds drifted down across every near-term date, and alien-disclosure believers remain a rounding error at 6%.

Wes Streeting56%▲ 42 24hDavid Miliband12%▼ 15 24hNo next Foreign Secretary in 202626%▼ 18 24hKeir Starmer1.8%▲ 1 24h
Nermin Nikšić28%▼ 10 24hZoran Tegeltija7.6%▼ 8 24hElmedin Konaković24%▲ 6 24hDragan Čović11%▼ 5 24h
Alexandru Nazare27%▲ 2 24hSorin Grindeanu26%▼ 1 24hDragoș Pîslaru1.7%
December 3126%▼ 4 24hSeptember 3010%▼ 8 24hJuly 151.8%▼ 2 24hJune 30, 202755%
Fed Decision in July? $293,258 · 24h
No change90%▲ 8 7d25 bps increase9.7%▼ 8 7d
December 315.5%▼ 1 24hSeptember 304.2%

Economy & Crypto

Laso Finance's post-launch valuation bet swung hard toward the low end: FDV above $5M jumped 32 points to 90%, as the $8M and higher thresholds each shed 16-26 points. NVIDIA holds an 82% lock on 'largest company' by end of July, though Apple gained 9 points on the week to 13%. SpaceX remains the runaway favorite for 2026's largest IPO at 86%, with Anthropic a distant 13%.

$5M90%▲ 32 24h$8M8%▼ 26 24h$10M5%▼ 16 24h$12M2.5%▼ 11 24h
NVIDIA82%▼ 11 7dApple13%▲ 9 7dAlphabet5.2%▲ 2 7d
1 (25 bps)14%▲ 2 7d2 (50 bps)4.6%▲ 1 24h3 (75 bps)1.8%▲ 1 7d
Anthropic13%▼ 2 7dSpaceX86%▲ 1 24h

Science & Tech

GPT-5.6's launch timeline got a sharp repricing: July 7 fell 50 points to 23% on one market and 48 points to 27% on another, as traders rotated toward July 9 (68%) and July 10 (74%, +25/7d). Anthropic's grip on 'best AI model' held at 86%, and traders give it 93% odds of ranking third-best too — a market quietly betting Anthropic occupies two of the top three slots.

July 723%▼ 50 24hJuly 928%▲ 22 24hNot released before August3.5%▲ 2 24hJuly 88.8%▲ 2 24h
GPT-5.6 released by...? $148,532 · 24h
July 727%▼ 48 24hJuly 836%▼ 44 24hJuly 968%▼ 20 24hJuly 1074%▼ 15 24h
1490+22%▼ 7 24h1470+64%▼ 12 24h1480+40%▲ 6 24h1520+2.1%▼ 1 24h
Anthropic93%▲ 9 24hGoogle4%▼ 4 24hOpenAI3.1%▼ 2 24h
158038%▲ 2 24h156034%▼ 5 24h160015%▲ 6 24h
Anthropic86%▼ 4 24hGoogle12%▲ 3 24hOpenAI1.9%▲ 1 24h

Sports

Morocco's World Cup exit odds at the quarterfinal stage rocketed 24 points on the day and 60 over the week to 78%. LeBron James returning to Cleveland climbed to 53% (+12/24h, +43/7d), squeezing Golden State (18%) and Philadelphia (8%). Kylian Mbappe holds a 52% Golden Boot favorite tag over Messi's 37%. At Taylor Swift and Travis Kelce's wedding market, Max Martin's attendance odds jumped 24 points to 90% while Lana Del Rey's cratered 42 points to 34%.

Lana Del Rey34%▼ 42 24hMax Martin90%▲ 24 24hAlana Haim98%▲ 6 24hSabrina Carpenter95%▲ 5 24h
Quarterfinals78%▲ 24 24hSemifinals13%▲ 2 24hFinal6%▲ 1 24hChampion2.4%▲ 1 7d
NBA: LeBron James Next Team $1,231,886 · 24h
Cleveland Cavaliers53%▲ 12 24hPhiladelphia 76ers8.2%▼ 7 24hGolden State Warriors18%▲ 1 24hMinnesota Timberwolves4.5%▼ 2 24h
Kylian Mbappe52%▲ 3 24hLionel Messi37%▼ 3 24hOusmane Dembele1.6%▼ 1 24hErling Haaland2.8%▼ 5 7d
Mexico66%▲ 15 24hUnited States34%▼ 7 24h
France52%▲ 3 24hArgentina36%▼ 2 24hNorway2.5%▼ 3 7dEngland5.9%▲ 2 24h

Culture

'Young Washington' opening-weekend odds shifted decisively into the 18-20m band, now 63% (+20/24h). Netflix's top-movie crown flipped back toward 'Enola Holmes 3' (78%) after 'Little Brother' gained 15 points but fell short. 'Minions & Monsters' is priced at 100% to open under $68m, leaving traders no doubt at all.

18-20m63%▲ 20 24h16-18m5.7%▼ 14 24h>22m6.5%▼ 8 24h20-22m26%▲ 2 24h
Little Brother19%▲ 15 24hEnola Holmes 378%▼ 17 24h
I Will Find You36%▲ 8 24hWorst Neighbor Ever65%▼ 6 24hAvatar: The Last Airbender: Season 21.5%▼ 1 24h
Toy Story 53.2%▼ 1 24hThe Super Mario Galaxy Movie2.4%▲ 1 24hAvengers: Doomsday12%▲ 1 7d
<68m100%▲ 13 24h

Somewhere a changelog still says 'TBD' — the market disagrees, and it's moving fast.

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