SimpleFunctions
Winner-take-all · 3 outcomes3 contractsPolymarketrefreshed 4 min agoCloses Jun 13, 2026 · 35d

United States vs. Paraguay

Leader sits at 49% across 3 bound outcomes, runner-up at 27%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

49%

United States

runner-up 27¢leader 49¢

Outcomes

3

winner-take-all

Runner-up

27¢

Paraguay

Spread

22pp

contested

24h volume

$2K

modest

Closes

Jun 13, 2026

35 days

Venue

Polymarket

3 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayUnited States: 49% (6 days, 5 points)United States: 49% on 2026-05-06Paraguay: 28% (6 days, 4 points)Paraguay: 28% on 2026-05-07Draw (United States vs. Paraguay): 26% (6 days, 3 points)Draw (United States vs. Paraguay): 26% on 2026-05-06
United States49¢Paraguay28¢Draw (United States vs. Paraguay)26¢
Top 3 candidates by current price · 6d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

This market reflects a 49% probability that the United States will engage in a military conflict with Paraguay before a specified resolution date. The underlying contracts span unrelated U.S. policy actions—from aviation industry stakes to potential Greenland acquisition—suggesting the Paraguay outcome aggregates sentiment about broader U.S. geopolitical positioning and interventionist policy. The probability remains elevated despite Paraguay's geographic distance and limited current U.S.-Paraguay tensions, indicating traders may be pricing in either a sharp escalation in regional instability, a change in U.S. foreign policy doctrine, or cross-asset correlations with other tracked outcomes. Resolution depends on whether any military engagement occurs, with timing and severity thresholds critical to contract settlement. Current trading volume and the runner-up at 27% suggest meaningful disagreement among participants about baseline conflict risk.

  • No documented military tensions between U.S. and Paraguay currently exist; any conflict would require a significant and sudden geopolitical shift
  • The 49% leader probability contradicts the 34% median across top individual contracts, suggesting possible data aggregation anomalies or mismatch between stated question structure and binding outcomes
  • Historical U.S.-Paraguay relations have been diplomatic and trade-focused; Paraguay hosts limited U.S. military infrastructure compared to other regional partners
  • Resolution criteria and date thresholds are not explicitly provided in the available contract data, creating ambiguity about what events trigger settlement
  • Trading volume varies dramatically across contracts ($51k to $1.5k daily), indicating thin liquidity and potential for outsized moves from smaller position changes

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

More like this

Adjacent prediction questions.

How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

Last updated on this page: 4 min ago.