Polymarket's $120M Iran Peace Deal Market Enters Dispute as Trump Questions 'Permanent' Deal

According to The Block, a $120 million Polymarket market on whether the U.S. and Iran would agree to a permanent peace deal by June 15 has entered the platform's dispute resolution process on June 17. As of Wednesday morning, over 99% of voting power backed a "Yes" outcome, with votes cast by holders of UMA governance tokens.

The dispute arose after Trump characterized the June 15 memorandum of understanding as an interim measure rather than a final settlement. "It's a memorandum of understanding," Trump told reporters at the G7 summit in France. "If I don't like it, we'll go back to shooting at them, dropping bombs on their head." Traders supporting "No" contracts argue the agreement, which includes only a 60-day ceasefire, fails to meet the market's definition of a permanent peace deal.