JUST IN: Polymarket's putting about 38% odds on the US announcing a new Iran agreement or ceasefire extension by end of day tomorrow. It ripped to roughly 57% earlier today before fading nearly 20 points in a few hours.
How it got here:
Jun 13 (today) — Pakistan PM Sharif says finalization is expected "in the next 24 hours," then Trump posts on Truth Social that the deal "is scheduled to get signed tomorrow" → market rips to ~57%, then fades back to 38% as Iranian officials call the reports preliminary and Mojtaba Khamenei's final sign-off remains the missing piece
How to read it: this resolves on what's actually announced by end of day Sunday, not on whether the broader peace process is real.
The signing is reportedly happening as a virtual electronic ceremony, Iran declined both Geneva and Islamabad as venues, with Pakistan and Qatar attending as mediators, and the last open gate is Supreme Leader Mojtaba Khamenei.
Trump has run this play before. His May 24 MoU announcement collapsed the "by June 7" leg from 72% to 6% once his own follow-up clarified he still needed to sign. That is what's keeping this below 50% even with Pakistan publicly preparing the signing infrastructure.
The base rate on Trump-named deadlines is rough and usually something we like to fade.
But the US president named the date on Truth Social. Pakistan is openly preparing the electronic signing. The "60-day ceasefire extension" framing in the market title is broad enough that a Sunday signing should resolve YES on the announcement alone, even if implementing it takes longer.