Chokepoint Data · the Strait of Hormuz crisis

Prediction-market scoreboard: 12/12 reopen markets died

Mean opening odds 44%; lifetime Brier 0.077 vs 0 for always-No.

Published 2026-08-05 · analysis

Sources disagreeEvery dated reopening market has resolved NO, each opening near 44% — the crowd spent months pricing a reopening the tankers never showed.

Every resolved Hormuz market, scored against what happened. Brier = mean squared error of the daily YES price (0 is perfect). Survivorship caveat: only markets that have already resolved are scorable, and while the strait stays closed a dated reopen market can only die NO — the hindsight benchmark is unbeatable by construction, which is part of the point.

Reopen-by-date markets resolved
12/12 NO
every dated reopening market so far has died · 10 live legs pending
Mean opening odds of those
44%
mean peak 54% — persistent reopening optimism
Mean lifetime Brier
0.077
an always-No forecast scores 0.000 — with hindsight
All 15 resolved markets vs benchmarks
0.129
coin flip 0.25 · "nothing ever changes" 0.133
MarketLifeOpenPeakFinalResultBrier
Iran closes Hormuz in 2025
Polymarket
01-23 → 01-0114%52%0.1%NO0.023
Iran closes Hormuz by 2027
Polymarket
11-05 → 03-1420%100%100.0%YES0.575
Iran closes Hormuz 7+ days before 2027
Kalshi
01-09 → 03-1133%99%99.0%YES0.415
Reopen Apr 30
Polymarket
03-09 → 05-1269%69%0.1%NO0.060
Reopen before Jul 2026
Kalshi
03-18 → 07-0865%80%0.1%NO0.178
Reopen end of May
Polymarket
03-31 → 06-0265%77%0.1%NO0.123
Reopen end of June
Polymarket
04-14 → 07-0770%88%0.1%NO0.159
Reopen before Aug 2026
Kalshi
04-14 → 08-0564%81%1.0%NO0.168
Reopen May 15
Polymarket
04-22 → 05-1919%19%0.1%NO0.009
Reopen Jul 31
Polymarket
05-11 → 08-0453%76%0.1%NO0.138
Reopen before Jun 15 2026
Kalshi
05-16 → 06-1714%36%1.0%NO0.009
Reopen Jun 15
Polymarket
05-26 → 06-2316%16%0.1%NO0.003
Reopen Jul 15
Polymarket
06-13 → 07-2143%46%0.1%NO0.043
Reopen before Jul 15 2026
Kalshi
06-16 → 07-2237%37%1.0%NO0.025
Reopen Jul 7
Polymarket
06-25 → 07-1713%19%0.1%NO0.003

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Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt

https://chokepointdata.com/analysis/prediction-market-scoreboard/