Iran full airspace closure by...?

According to the latest prediction market data for the query “Iran full airspace closure by...?”, traders have formed a strong consensus.

Currently, December 31 is dominating the market with an overwhelming 27.5% chance of winning. October 31 follows in second place at 9%. The betting volume for this specific market has already reached $10.2M, reflecting intense industry interest.

To better assess where each potential outcome stands, the market can be segmented into three distinct trading tiers based on implied probability and contract pricing:

🥇 Tier 1: The Dominant Leader

• December 31 (27.5%): Currently commanding the highest probability, December 31 is heavily favored by the order book. Traders looking to back this outcome face a “Buy Yes” contract price of 28¢, signaling a high degree of market conviction. This contract alone has generated $441.4K in volume.

🥈 Tier 2: The Primary Challengers

• October 31 (9%): Positioned as the most viable alternative, October 31 maintains a 9% chance of resolving true. Its “Buy Yes” shares currently trade at 9¢.

This market will resolve to “Yes” if Iran initiates a general closure of its airspace, that is not solely due to weather conditions, between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

A “general closure” refers to a cancellation or suspension of aviation which is generally applicable to all commercial flights transiting Iranian airspace (“Tehran FIR”). A qualifying closure must apply generally to all of Iran or the Tehran FIR; limited cancellations, delays, or partial closures will not qualify. A closure which applies generally to commercial aviation across Iranian airspace, with limited exceptions for certain categories of flights, however, will qualify (e.g. exceptions for certain flights pre-approved by the Iranian Civil Aviation Authority may be permitted).

Qualifying previous examples include the February 28, 2026 total closure of Iranian airspace (https://www.iranintl.com/en/202602289115) and the January 2026 total closure of Iranian airspace except to international flights with express governmental permission (https://www.reuters.com/world/middle-east/iran-shuts-airspace-most-flights-flightradar24-says-2026-01-14/). Non-qualifying examples include the January 27, 2026 partial closure of Iranian airspace around the Strait of Hormuz (https://www.aa.com.tr/en/middle-east/iran-issues-airspace-notice-for-military-drills-near-strait-of-hormuz/3812508), the April 2024 closure of Iran’s western airspace (https://www.reuters.com/world/middle-east/iranian-airports-cancel-flights-until-monday-morning-2024-04-14/), and the January 25 - April 25, 2026 VFR (Visual Flight Rules) flights suspension which did not broadly close commercial aviation in Iran (https://www.intellinews.com/iran-suspends-general-aviation-and-vfr-flights-in-new-airspace-directive-421997/).

Warnings, No-Fly-Zones, or other flight restrictions imposed by airlines or countries other than Iran will not be sufficient for a “Yes” resolution.

Airspace closures which occur solely due to weather conditions, earthquakes, or volcanic eruptions, will not qualify.

The primary resolution sources for this market will be official information from Iranian aviation authorities and a consensus of credible reporting.

While human consensus and speculative volume shape the broader prediction market, our quantitative algorithms offer a data-driven counter-perspective. By analyzing fundamental signals, underlying trends and historical distributions, our AI Valuation model calculates an independent “Fair Value” probability for each outcome.

Comparing this Fair Value against the current Trade Value uncovers major disparities — known as the Expected Value (EV) Gap. Contracts with a positive EV Gap represent statistically underpriced outcomes, whereas a negative EV Gap flags a potential market overreaction.

Top AI Alpha & Mispriced Arbitrage Opportunities

Based on the latest data model run, several key contracts stand out with significant deviations:

• The Best Value Play (Highest EV) Our model identifies December 31 as the premium value opportunity on the board. While the market only assigns it a 27.5% trading probability, our AI’s Fair Value assessment sits at 29.2% — yielding an impressive +1.7% EV Gap.
• Under-the-Radar Dark Horses Other notable discrepancies include October 31 (EV Gap: +0.2%). These long-tail opportunities are heavily discounted by the live order books despite stronger statistical backing from our predictive model.