Market Trust diligence packet
Will Iran announce withdrawal from MOU negotiations by July 17?
One of four bands, strongest warning on the right
Too much of the trading came from wallets we cannot yet identify, so participant-flow coverage is uncertain.
Use only as a review target. Current-card issues must clear before this price is used as evidence.
Market quality
51 / 100
Interval 21-60
Evidence confidence
low
56 / 100
Source health
source gate passed
1 sources | dropped 0
Audit chain
2664d3c5db...
row hash verified
Memo language
Convexly rates this polymarket market "Will Iran announce withdrawal from MOU negotiations by July 17?" as Do not cite. Use only as a review target. Current-card issues must clear before this price is used as evidence. Caveat to carry: Too much participant flow is unknown while participant-flow coverage is still pending. This is market diligence, not a trading instruction or proof that the market probability is correct.
Caveat to carry: Too much participant flow is unknown while participant-flow coverage is still pending.
How to use this packet and what changes the verdict
Use this packet when
- Use to explain why this market should stay out of a citation set for now.
- Use as a recovery checklist for source freshness, coherence, depth, or evidence gaps.
Do not use it as
- A trading instruction.
- Proof that the market probability is correct.
- A manipulation accusation or person-level identity claim.
What changes the verdict
- Clear hard cap: Too much participant flow is unknown while participant-flow coverage is still pending.
- Clear hard cap: The integrity screen is still heuristic and scores below 60.
- Clear current blocker: Not enough pillars on this card are measured yet.
How the score adds upWhy this verdict
Why this rating
Composite 51 · Do not cite
- Coherenceheuristicweight 25.0
No full-provenance CME signal is linked to this condition in the current ledger window; absence of a signal is not proof of coherence.
- · no linked cme signal in window
- · absence of signal not proof of coherence
- · cme signal window days: 7
- · recent full provenance signals: 148
50+15.6 - Executabilitymeasuredweight 20.0
Executability scored as worse-of(spread, depth) from a single orderbook snapshot; the two were merged from the former liquidity + depth pillars to stop double-counting one correlated source.
- · executability worse of spread depth
- · spread: top-of-book spread 0.2c
- · spread: pp-band-to-cents-band approximation in effect (depth_5pct_usd/2 per side); per-side decomposition pending substrate work
- · spread: scorer_version:M2
45+11.3 - Resolution reliabilityheuristicweight 20.0
Resolution source and rule text are present but not independently reviewed.
- · resolution metadata present manual review pending
70+17.5 - Participant flowpendingweight 20.0
Participant flow inputs exist but do not meet identity-coverage floors; descriptive only.
- · below publishable sample floor
- · high participant concentration
- · high unknown flow share
- · insufficient scored accounts
n/ano contrib - Integrity risk screenheuristicweight 10.0
Top account flow share is 100%.
- · high participant concentration
0no contrib - Audit completenessmeasuredweight 5.0
5 linked artifacts; 0 missing hashes; 0 stale/failing sources.
- · artifact hashes present
- · source watermarks healthy
100+6.3
How it adds up: composite = Σ(score × weight) / Σ(weight) across measured + heuristic pillars only. Pending and data-rights-blocked pillars are excluded from both numerator and denominator. Total contributing weight = 80.0.
Caveat: 1 pillar pending; the score will recompute as the substrate fills in.
Market identityWhat is being rated
Venue
polymarket
condition 0xa37edbac74383987...
Category
Iran
used for coverage and validation breadth
Market status
active
venue-provided lifecycle state when available
Resolution rule
On June 14, 2026, the United States and Iran announced a memorandum of understanding ending the immediate conflict and establishing a 60-day framework for negotiating a final agreement. This market will resolve to “Yes” if the Iranian government, or an authorized representative of the Iranian government, publicly and officially announces its termination of participation in the negotiation process toward the final agreement contemplated by the June 14, 2026 MOU between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". A termination means a definitive end to Iran's participation in the negotiation process as a whole. A temporary suspension, pause, or adjournment of negotiations, however open-ended or indefinite, does not constitute a termination unless it is itself clearly and unambiguously framed as a definitive end to participation. A conditional withdrawal, in which Iran announces it is ending participation subject to or contingent on any future event or condition, does not constitute termination. A qualifying announcement must be a declarative statement of the Iranian government's present termination of participation in the negotiation process, previously-unannounced prior termination of participation in the negotiation process, or definitive decision to terminate participation in the negotiation process. A qualifying announcement must clearly and unambiguously identify Iran's termination of participation in the negotiation process. Statements that merely allude to, reference, or describe such termination, without clearly communicating it, do not qualify. The announcement need not use specific terminology or reference the MOU or the negotiation process by name; an announcement of a resumption of prior obligations, the maintenance of a status quo, or a return to a previously agreed baseline qualifies, provided the substantive policy of termination of the negotiation process is clearly and unambiguously communicated. A qualifying announcement must be made through official channels, by an individual acting in an official capacity. Statements made incidentally or informally in a context not intended for official communication do not qualify. The following do not qualify: - Anonymous, unattributed, or leaked statements not confirmed as official; - Statements by persons not authorized to speak for the Iranian government; - Third-party speculation, analysis, or predictions that the Iranian government will announce or terminate participation in negotiations; - Satirical, fabricated, hacked, or impersonated communications; - Statements that describe a prospective, contingent, probable, or conditional termination rather than announcing a present and decided position; - Walkouts, boycotts, or refusals to attend a specific meeting that do not clearly announce a termination of the overall negotiation process; and - Indirect communications through mediators that do not constitute a direct official announcement from Iran. Once a qualifying announcement is made, this market will resolve to "Yes" regardless of whether it is later reversed, or whether Iran actually ceases participation in negotiations. Resolution will be based on official information from the Iranian government, or the official representatives of the Iranian government.
card_id: mt-v02:polymarket:0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a:2026-07-16
market_id: 56172354-30dc-49ae-b1d1-00b7ff63ab53
venue_market_id: 0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a
resolution_source: 0x65070BE91477460D8A7AeEb94ef92fe056C2f2A7
Audit chainReceipt and verification
Convexly stores the card payload, removes the row_hash field, canonicalizes the remaining JSON, and recomputes the SHA-256 hash. This is the bridge from a readable verdict to a buyer-reviewable audit chain.
method: market_trust_card_v0_2
row_hash: 2664d3c5db4282e96893385755a30a6020ff44ceec4153cd5126f3cfbdc0d8bb
previous_row_hash: c44c51ef0fbad4db8d068b78266d6e7232a2dd01b567835803d19acef10d35c4
source_artifact_hashes: 908c33a2dfe91fcaae543b4a3f5a71a08394ed99870c4fa8fd41fbafbdcada51, 46e1fcd4438137db13fa77f6ff90d0dcaea0266f650387e0e527e39baa977d68
Verdict hashImmutable verdict archive
This verdict is archived as a canonical JSON object with a SHA-256 content hash. The hashed payload carries the methodology version (market_trust_card_v0_2), the canary_preview label, and a fixed boundary statement; none of them can be removed without changing the digest.
verdict archive sha256: 8b21225a1404276fd348f38170d322059b89e88f6a1622a537fd696350fbe2d4
How to verify this hash
- Fetch the canonical archive bytes: https://www.convexly.app/api/market-trust/v0.2/0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a/archive?venue=polymarket&format=canonical
- Recompute the digest locally, for example: curl -s "https://www.convexly.app/api/market-trust/v0.2/0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a/archive?venue=polymarket&format=canonical" | shasum -a 256
- Compare your digest to archive_sha256 in the JSON response at https://www.convexly.app/api/market-trust/v0.2/0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a/archive?venue=polymarket. Matching digests mean the archived verdict content is byte-for-byte unchanged.
- Cross-check card_row_hash against the stored full-card receipt at https://www.convexly.app/api/market-trust/v0.2/0xa37edbac74383987e7b3c4e25360c223207b5f8ffdaaddea7e6e62ab2aa0d56a/verify?venue=polymarket.
Stored v0.2 cards are frozen scorecards: a re-score inserts a new row with a new card_id and records the prior receipt in previous_row_hash, and the filed calibration design binds Convexly to never mutate frozen card-time rows. The archive is a deterministic serialization of one stored row, so the same row always reproduces the same archive_sha256.
Participant and integrity screenWho shaped the price
Participant-flow screens flagged concentration, unknown-flow, or low-edge-flow conditions for review. This is an integrity-risk screen, not a manipulation accusation and not person-level identity resolution.
Scored flow
0%
0 scored accounts
Unknown flow
100%
higher unknown flow lowers confidence
Participants
1
public accounts observed
Top flow share
100%
concentration diagnostic
Not claiming: wash-trading detection; sybil detection; manipulation-free market.
Market Fitness - pre-trade diligence (experimental)
4 of 6 diagnostics have a derivable observable on this stored card; 2 are insufficient_data. An insufficient_data row means the card lacks that input, not that the check passed.
Depth and slippage at size is a Researcher feature.
The resolution-reliability, manipulation, and basis-risk reads below are open. To see the fill cost at $100 / $1k / $10k and the executability detail, upgrade to Researcher.
Depth durability
measured
insufficient data
At-size depth and slippage detail is a Researcher feature. Upgrade at /pricing to see fill cost at size.
Observable: Executability pillar: worse-of(top-of-book spread, modeled price impact) from the latest inspected orderbook snapshot at 2026-07-16T07:58:29.198+00:00
Caveats: derived from a single orderbook snapshot; durability across time is not yet measured on this card; descriptive diagnostic from operator-set scoring that is not calibrated; no interval exists for this value, so none is shown rather than fabricated; gated detail requires researcher
Spread and price impact
measured
insufficient data
At-size depth and slippage detail is a Researcher feature. Upgrade at /pricing to see fill cost at size.
Observable: Top-of-book spread (price points) and modeled price impact for a fixed notional, from the latest inspected orderbook snapshot
Caveats: spread cost over a holding period is not modeled; this is a single-snapshot read; descriptive diagnostic from operator-set scoring that is not calibrated; no interval exists for this value, so none is shown rather than fabricated; gated detail requires researcher
Time to resolution
insufficient data
insufficient data
Venue lifecycle status on the card: active. No end date is stored.
Observable: Venue-supplied market end date or close time stored on the card
Missing input: The v0.2 card schema does not store an end date or close time, so time to resolution cannot be derived from this card.
Resolution reliability
heuristic
70 / 100 (descriptive)
Resolution source and rule text are present but not independently reviewed. Resolution rule text is stored on the card.
Observable: Resolution reliability pillar: review of the resolution source (0x65070BE91477460D8A7AeEb94ef92fe056C2f2A7) and stored resolution rule text
Caveats: resolved-outcome dispute history is not joined on this card; the read covers resolution source and rule text only; descriptive diagnostic from operator-set scoring that is not calibrated; no interval exists for this value, so none is shown rather than fabricated
Concentration exposure
insufficient data
insufficient data
Participant-flow screens flagged concentration, unknown-flow, or low-edge-flow conditions for review.
Observable: Participant-flow concentration from the card's integrity screen: top account flow share, unknown flow share, scored notional share
Missing input: Participant-flow concentration is not measured on this card (no scored participant rollup or no top-account flow share).
Basis-risk note
descriptive
structural note
This market settles as a binary event contract: it pays a fixed amount on one discrete resolution. Offsetting a continuous exposure with a binary payoff leaves residual basis risk by construction, and binary payoffs will generally fail the ASC 815 80-125% dollar-offset band used for hedge-accounting treatment, so a position that works as an economic offset can still be carried as mark-to-market P&L. This is a structural description of the contract type, not a statement about any party's exposure.
Observable: Contract payoff structure (binary event contract) and the resolution rule text stored on the card
Caveats: structural description of the contract type, not accounting or legal advice
Published deliberately as a component table with no single combined number. Read each component against the observable it derives from; an insufficient_data row means the stored card lacks that input, not that the check passed.
These diagnostics describe observable market-quality measurements for one market. They are not investment advice, not a trading instruction, not a recommendation to take or offset any exposure with this or any market, and not a statement about any person or their positions.
instrument_fitness_diagnostics_v0_1
Source freshness windowIngest status
The current ingest window is clean enough for review. This is freshness reporting, not an uptime SLA.
Latest orderbook
2026-07-16T07:58:29.198Z
most recent orderbook evidence attached to this card
Sources
1
1 healthy | 0 degraded | 0 stale | 0 failing
Dropped events
0
nonzero dropped events block current-language claims
Observed age
1s
oldest observed source watermark
Ingested age
573ms
oldest ingest watermark
Validation stateCanary vs v1
Canary pipeline
blocked
Current card has source, evidence, or robustness issues to clear.
Public v1 promotion
4 public v1 validation gates still open.
Canary readiness says the current batch can be reviewed. Public v1 promotion waits for coverage, clean source-health windows, resolved outcomes, and formula-freeze evidence.
Read the promotion evidence contract- Not enough pillars on this card are measured yet.
- Some pillars on this card are still gathering evidence.
- The rating moves under leave-one-out or weight-perturbation checks.
- 14 consecutive clean source-health days have not yet been observed.
- 30 current cards across 3 market categories are not yet reached.
- The scoring formula must be frozen before validation runs.
- At least one resolved-outcome row is still needed in the validation ledger.
Top caveatsWhat travels with the score
- Hard cap: Too much participant flow is unknown while participant-flow coverage is still pending.
- Hard cap: The integrity screen is still heuristic and scores below 60.
- Current card issue: Not enough pillars on this card are measured yet.
- Current card issue: Some pillars on this card are still gathering evidence.
- Current card issue: The rating moves under leave-one-out or weight-perturbation checks.
- absence of signal not proof of coherence
Before stable v1Validation requirements
- 14 consecutive clean source-health days have not yet been observed.
- 30 current cards across 3 market categories are not yet reached.
- The scoring formula must be frozen before validation runs.
- At least one resolved-outcome row is still needed in the validation ledger.
External contextNon-scoring provenance
No external baseline family is mapped for this market yet.
No external baseline family is mapped for this market yet.
External context is non-scoring in v0.2. Market Trust still measures market-quality substrate, not absolute truth against outside forecasts.
Full seven-pillar evidence grid
Coherence
weight 25 · heuristic
50 / 100
No full-provenance CME signal is linked to this condition in the current ledger window; absence of a signal is not proof of coherence.
Executability
weight 20 · measured
45 / 100
Executability scored as worse-of(spread, depth) from a single orderbook snapshot; the two were merged from the former liquidity + depth pillars to stop double-counting one correlated source.
Resolution reliability
weight 20 · heuristic
70 / 100
Resolution source and rule text are present but not independently reviewed.
Participant flow
weight 20 · pending
pending
Participant flow inputs exist but do not meet identity-coverage floors; descriptive only.
Integrity risk screen
weight 10 · heuristic
0 / 100
Top account flow share is 100%.
Audit completeness
weight 5 · measured
100 / 100
5 linked artifacts; 0 missing hashes; 0 stale/failing sources.
Coherence blockLinked-market consistency
No full-provenance CME signal is linked to this condition in the current ledger window; absence of a signal is not proof of coherence.
Score
50
heuristic evidence
Source refs
0
linked-market or CME artifacts
no linked cme signal in window absence of signal not proof of coherence cme signal window days:7 recent full provenance signals:148
Robustness blockSensitivity and drivers
Sensitivity verdict
moves
leave-one-out and weight perturbation
Leave-one-out
44-58
score range
Weight perturbation
49-52
score range
Drivers
3
largest weighted contributors
- Coherence is heuristic, not fully measured.
- Coherence scores below 60 and needs stronger evidence before the verdict can improve.
- Executability scores below 60 and needs stronger evidence before the verdict can improve.
- Resolution reliability is heuristic, not fully measured.
- Participant flow is pending, not fully measured.
- Integrity screen is heuristic, not fully measured.
Live market integrity read is a Trader feature
Trader ($499/mo) unlocks an on-demand participation-concentration read on any market — HHI of wallet volume shares with a confidence interval on every estimate, plus a round-trip self-churn share, computed live from the current flow tape. Descriptive structure with receipts, not a manipulation call.
Boundary of the packet
This packet is market diligence, not investment advice, not a claim of absolute truth, and not proof that any trader should buy or sell. It answers whether the market price has enough substrate to cite, monitor, discount, or ignore with receipts attached.