Tuesday, August 25, 2026GraphArchiveSubscribeDaily · No. 76

The Probable Times

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

Iran Ceasefire Confidence Surges to 94% as Traders Reprice a Quiet September

Markets now give the US-Iran ceasefire a 94% chance of lasting through August, up 40 points in a week, even as a rival Hormuz accord loses ground. Elsewhere, Chelsea's grip on Enzo Fernández evaporated overnight.

Traders have all but priced out a collapse of the US-Iran ceasefire, pushing the odds it holds through August 31 to 94%, up 40 points in a week even as a parallel Hormuz shipping accord bleeds support, down to 8% on the same clock. The quiet is not universal: Chelsea's hold on Enzo Fernández evaporated in a single session, his 'stays' contract cratering 41 points to 30% while Manchester City's odds of landing him rocketed to 66%, a mirror-image swing on rising volume. In culture, Spider-Man: Brand New Day's box-office run is outperforming its own market, with bettors now assigning 89% odds to a $800-900m domestic total, up 22 points overnight. And in the crypto pits, Anthropic's prospective IPO valuation is drifting upward too — traders now give a $1.8 trillion-plus close an 86% chance, up 10 points on the day.

Today’s biggest movesprobability shifts, volume-weighted
Politics & Elections

Will Donald Trump publicly insult someone on August 23, 2026?

90% 6.8% 7d
$366,563 traded · 24h
Geopolitics

US ceasefire against Iran continues through August 31?

53% 94% 7d
$191,808 traded · 24h
Geopolitics

Will Russia enter Mykolaivka by September 30, 2026?

38% 84% 7d
$5,218 traded · 24h
Geopolitics

US-Iran Hormuz Agreement by September 15?

46% 7.5% 7d
$23,944 traded · 24h
Sports

Will Enzo Fernandez stay at Chelsea?

72% 30% 24h
$10,751 traded · 24h
Culture

Will the total domestic gross for Spider-Man: Brand New Day be between 800m and 900m by August 31?

56% 89% 7d
$74,727 traded · 24h
Culture

Will MrBeast's next video get between 60 and 70 million views on week 1?

33% 67% 24h
$19,003 traded · 24h
Culture

Will the total domestic gross for The Odyssey be at least 570m by August 31?

41% 7.5% 24h
$18,375 traded · 24h

Geopolitics

The US-Iran ceasefire's survival through August 31 now trades at 94%, up 40 points this week, while hopes for a rival Hormuz shipping pact by September 15 have collapsed to 8%, down 38. Russia's advance toward Mykolaivka continues to firm modestly, now priced at 84% by September 30. Traders also lifted the odds of a China summit between Trump and Putin to 55%, up 11 points overnight, as a 'no meeting' outcome faded to 42%.

August 3194%▲ 3 24hSeptember 3074%▲ 41 7dSeptember 1582%▼ 1 24hOctober 3166%▲ 2 24h
September 3084%▲ 2 24hDecember 3194%▲ 2 24h
September 157.5%▲ 2 24hSeptember 3014%▼ 30 7dAugust 312.1%▼ 6 7d
August 318%▲ 4 24hSeptember 1524%▼ 2 24hSeptember 3037%▲ 8 24h
China55%▲ 11 24hNo meeting by December 3142%▼ 10 24h
December 31, 202650%▼ 14 7dMarch 31, 202768%▲ 4 24hSeptember 30, 202622%▼ 4 24hAugust 31, 20261.8%▼ 5 7d

Politics & Elections

The Fed's September decision remains a near coin flip: markets give 'no change' a 66% chance against a 34% shot at a 25-bps hike, on very heavy trading. South Carolina's Republican Senate primary is effectively decided as its deadline arrives, with Darline Graham Nordone holding a 66% lead over Ralph Norman. Meanwhile the Clarity Act's odds of becoming law this year slipped to 18%, down 6 points on the day, extending a summer-long fade.

August 236.8%▼ 42 24hAugust 3084%▼ 4 24hAugust 2890%▼ 4 24hAugust 2689%▼ 3 24h
Ralph Norman33%▲ 2 24hDarline Graham Nordone66%▼ 3 24h
Clarity Act (H.R.3633) signed into law in 2026?18%▼ 6 24h
Fed Decision in September? $2,560,418 · 24h
No change66%▼ 2 24h25 bps increase34%▲ 2 24h
Magdalena Andersson90%▼ 2 24hUlf Kristersson9.5%▲ 3 24h
Flávio Bolsonaro35%▲ 2 24hLuiz Inácio Lula da Silva62%▼ 1 7dRenan Santos3.1%

Economy & Crypto

Crypto structured product STRC's odds of hitting $100 by September 30 jumped to 54%, up 16 points on the day and 23 on the week, alongside a broader re-rating of pre-IPO paper: Anthropic's shot at a $1.8 trillion-plus closing valuation rose to 86%, up 10 points, while OpenAI's odds of clearing $1.5 trillion firmed to 48%. Trading in Variational's token launch stayed frothy, with a $2B first-day valuation now given 29% odds, up 5 points overnight.

STRC hits $100 by… $27,703 · 24h
September 3054%▲ 16 24hDecember 3178%▲ 12 24h
1.8T+86%▲ 10 24h1.5–1.8T10%▼ 4 24h1.2–1.5T2.5%▼ 2 24h
$2B29%▲ 5 24h$800M56%▼ 2 24h$1B46%▲ 16 7d$500M76%▲ 10 7d
Anthropic IPO by __? $31,390 · 24h
October 31, 202682%▲ 1 24hDecember 31, 202691%▲ 6 7dSeptember 30, 202616%▲ 6 7dOctober 15, 202658%▼ 3 24h
$150M61%▲ 10 24h$300M40%▲ 6 24h$500M16%▲ 2 24h$2B3%▼ 2 24h
1.5T+48%▲ 7 24hNo IPO by December 31, 20278.6%▼ 5 24h1.25T–1.5T16%▼ 3 24h1T–1.25T17%▼ 2 24h

Science & Tech

Anthropic's lead in the 'best AI model' market held firm at 91% for late September, essentially unchallenged by OpenAI's 6% and Google's 2%. GPT-6's odds of shipping by year-end ticked up to 70%, while a September 15 release was marked down to 12%. In the Google Trends market, Erling Haaland's lead as most-searched person of 2026 narrowed to 13%, down 6 points, as Nicolás Maduro climbed to 12%.

Nicolás Maduro12%▲ 6 24hErling Haaland13%▼ 6 24hTaylor Swift2.1%▼ 5 24hBad Bunny10%▼ 4 24h
GPT-6 released by…? $20,117 · 24h
December 31, 202670%▲ 1 24hSeptember 15, 202612%▼ 6 24hSeptember 30, 202634%▼ 1 24hNovember 30, 202655%▼ 4 24h
Anthropic91%▲ 3 7dOpenAI5.8%▲ 1 24hGoogle1.7%▼ 1 24h

Sports

The day's sharpest reversal came in the transfer market: Enzo Fernández's odds of staying at Chelsea collapsed 41 points to 30%, while Manchester City's odds of signing him rocketed to 66% on rising volume. Julian Alvarez's market stayed calmer, with Atlético Madrid favored at 54%. In tennis, Carlos Alcaraz remains the US Open favorite at 30%, and Arsenal's grip on the 2027 EPL title firmed to 52%.

Chelsea30%▼ 41 24hManchester City66%▲ 41 24h
Arsenal24%▼ 3 24hAtletico Madrid54%▼ 3 24hChelsea8.8%▲ 8 24hBarcelona15%▲ 2 24h
Carlos Alcaraz30%▼ 3 24hNovak Djokovic12%▲ 2 24hAlexander Zverev20%▲ 1 24hArthur Fils6.9%▲ 5 7d
EPL: 2027 Champion $845,805 · 24h
Arsenal52%▲ 1 24hChelsea12%▲ 3 24hManchester United6%▼ 4 7dManchester City20%▼ 2 7d
Coco Gauff15%▲ 7 7dElena Rybakina6.5%▲ 3 24hAmanda Anisimova4.2%▲ 1 24hJessica Pegula5.3%▲ 1 7d
F1 Drivers' Champion $45,159 · 24h
Lando Norris9%▲ 7 7dLewis Hamilton6.7%▼ 4 7dGeorge Russell5.2%▲ 1 24hKimi Antonelli75%▲ 1 24h

Culture

Spider-Man: Brand New Day's domestic haul is tracking toward the $800-900m band, now priced at 89%, up 22 points overnight as actuals roll in. The Odyssey's shot at clearing $570m by August 31 collapsed to 8%, down 34 points, as its total settles into the $550-570m band instead, now favored at 92%. MrBeast's next upload, meanwhile, saw its 60-70 million-view odds surge 34 points to 67% in a single day.

60-70M67%▲ 34 24h70-80M32%▼ 26 24h
570m+7.5%▼ 34 24h550 - 570m92%▲ 32 24h
800 - 900m89%▲ 22 24h900m+11%▼ 21 24h
900 - 920m12%▼ 20 24h<900m88%▲ 20 24h

Ceasefires hold, box offices open, and a Chelsea midfielder's future changes hands faster than a Fed vote.

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