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Iran charges Hormuz fees by October 31?

Source: Official statements + credible-reporting consensus · End date Oct 31, 11:59 PM ET · View rules on Polymarket (international site) ↗

The short version

How to read this page

Traders give Yes about 2% on “Iran charges Hormuz fees by October 31”.

It dipped 2 points today, and there is too little trading near the price to say whether buyers or sellers outnumber the other.

Medium surprise risk: the named source’s announcement settles it, but there is no single official source, so it depends on news reports agreeing.

Describes the price, the order book and the contract rules. Not advice and not a recommendation.

Polymarket prices shown here come from Polymarket’s international site (polymarket.com), which is not available to US residents. Polymarket US is a separate CFTC-regulated venue with its own prices. Prediction market access depends on where you live. Follow each venue’s terms and location rules, and do not use a VPN or other tools to get around them.

The details

Rule note: the announcement countsNo single official source
Fine-print risk
Medium (30/100)
Announced

Pro adds the exact price, today’s change in points, buyers vs sellers in dollars, the price chart and every recorded move. See Pro

  • Official source: settlement runs on Official government/military statements plus a consensus of credible reporting (no single primary feed). Has no single feed: settlement relies on consensus reporting. No recorded moves for this market yet.
  • Fine print: A qualifying official announcement settles Yes; implementation is not required. Deadline: Sat, Oct 31, 2026, 11:59 PM ET (date from market title). If a second venue lists the same question, compare its named source, cutoff time and timezone, and fallback.

Source named: Official government/military statements plus a consensus of credible reporting (not a tracked official feed, no release history)

Standardized read of public order book, official-source and contract-rule data, identical for every viewer. It describes the data and is not a recommendation. The venue’s published rules control settlement.

Live price, chart & buyers vs sellersPro

Pro shows the exact price, the change in points, buyers vs sellers in dollars, the price history and every recorded move here.

See Pro

Iran charges Hormuz fees by October 31?

5-point rule check

Polymarket

Source: Official statements + credible-reporting consensus
Fine-print risk: Medium (30/100)
  1. Source
  2. Deadline
  3. Counts as Yes
  4. Backup rules
  5. Other venues
Fine-print risk Medium 30
1.
Who settles it (official source)
Official government/military statements plus a consensus of credible reporting (no single primary feed)
2.
Deadline and time zone
Sat, Oct 31, 2026, 11:59 PM ET (date from market title) America/New_York
3.
What counts as Yes
AnnouncedAn official announcement is enough; implementation is not required. Rule text: "…rket resolves to “Yes” if the Iranian government officially announces and begins collecting fees, tolls, charges, tariffs, or sim…"
4.
Backup rules (delays, cancellations, revisions)
No fallback or data-provider hierarchy stated in the rules. Trap: if the outcome is unclear at the end date, resolution goes to a UMA Optimistic Oracle proposal and dispute.
5.
Fine print and other venues
Cross-venue & fine-print settlement trap: If a second venue lists the same question, compare its named source, cutoff time and timezone, and fallback; Polymarket disputes go to the UMA Optimistic Oracle while Kalshi follows CFTC-filed contract terms.
Rules text on file (Polymarket)

This market resolves to “Yes” if the Iranian government officially announces and begins collecting fees, tolls, charges, tariffs, or similar payments from commercial vessels which are mandatory for passage through or access to the Strait of Hormuz between market creation and the specified date, 11:59 PM ET. Otherwise, this market resolves to “No.” A qualifying fee must be an announced policy which applies generally to all commercial vessels, or a defined subcategory of commercial vessels (e.g., vessels flagged to the US and its allies). Isolated demanded charges will not qualify. A fee is mandatory if, in practice, affected commercial vessels cannot transit or access the Strait of Hormuz without paying it, regardless of whether Iran characterizes the payment as voluntary or a fee for services. Fees described as tolls, maritime fees, service charges, environmental fees, security fees, insurance charges, etc. will qualify provided they are recognized as mandatory for passage through or access to the Strait of Hormuz by a consensus of credible reporting (e.g., a mandatory insurance fee charged by the Iranian Persian Gulf Strait Authority would qualify). Both of the following are required to occur prior to the specified date, 11:59 PM ET to satisfy this market’s resolution criteria: 1) An official announcement from the Iranian government that such a fee is being, or will be, implemented. 2) A consensus of credible reporting that collection of the fee has begun. Fees charged by Oman, the United Arab Emirates, shipping insurers, private companies, or other non-Iranian entities do not qualify unless charged jointly with Iran, or if Iran directly receives the fee or controls the charging entity. Normal port fees, customs duties, sanctions-related costs, or shipping surcharges do not alone qualify. The resolution sources will be official announcements from the government of Iran and consensus of credible reporting.

Iran charges Hormuz fees by October 31?: resolution rules & settlement traps · PolyTruth