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Will US Ground Invasion of Iran Follow Failed Air Campaign?

Updated 20m agoactive

Current Assessment

Our causal model estimates 49% probability. Kalshi markets price the top related contract (Which countries will send warships through the Str) at 12.5¢, while our thesis implies 55¢ — a +42.5¢ edge. Across 20 tracked contracts, we see systematic mispricing.

Latest evaluation (2h ago): The single most important development is the NBC News report confirming Trump has privately expressed serious interest in U.S. ground troops in Iran — this is direct evidence confirming node n3.1 (Trump seeks 'mission accomplished' moment), the key political driver of the thesis. Combined with MEU p

Thesis

The United States will launch a ground invasion of Iran. After 5 weeks of airstrikes, the US faces three compounding pressures: (1) Air power alone cannot destroy Iran's deeply buried nuclear facilities at Fordow and elsewhere — GBU-57 bunker busters have proven insufficient; (2) The Hormuz strait blockade cannot be reliably reopened without ground control of Iran's coastal anti-ship missile and mine infrastructure; (3) Trump's political operating system requires a decisive, visual "mission accomplished" moment to declare victory and exit the war. The market at 53% on Polymarket underprices this scenario. A limited ground operation targeting the coastal strip and key nuclear sites — not full occupation — is the most likely path. The US military has 5 weeks of pre-positioning time and coalition support from Israel and Gulf states.

Confidence
49% █████░░░░░
Implied Return
-0.5%
Contracts
20tracked

Track Record

Hit Rate
45%of edges moved toward thesis
Edges Tracked
20
Avg Movement
0.0¢

Implied Returns

Israel ground operation in Iran confirmed by...?: April 3015¢→17¢+13.3%
Avg. # of ships transiting Strait of Hormuz end of April?: 0-1042¢→47¢+11.9%
Will __ ships transit the Strait of Hormuz on any day by end of April?: 20+56¢→52¢+9.1%
Will Reza Pahlavi visit Iran before Jul 1, 2026?9¢→9.5¢+5.6%
Will the United States recognize Reza Pahlavi as the leader of Iran in 2026?15¢→15.5¢+3.3%
Will the US agree to a new Iranian nuclear deal this year?40¢→38.5¢+2.5%
Strait of Hormuz traffic returns to normal by end of April?12¢→10.5¢+1.7%
Will the US agree to a new Iranian nuclear deal this year?14¢→13¢+1.2%

Causal Model

Each factor has an estimated probability. Changes propagate through the tree to update overall confidence.

n1Air power insufficiency for key objectives63%██████░░░░
n1.1Fordow facility survives airstrikes78%████████░░
n1.2Iran reconstitutes air defenses35%████░░░░░░
n1.3Intelligence demands ground presence50%█████░░░░░
n2Strait of Hormuz cannot be reopened by air/naval power alone40%████░░░░░░
n2.1Iran successfully blockades Hormuz52%█████░░░░░
n2.2Minesweeping insufficient without coastal control40%████░░░░░░
n2.3Oil price spike creates economic urgency45%█████░░░░░
n3Domestic political incentives favor ground action56%██████░░░░
n3.1Trump seeks 'mission accomplished' moment65%███████░░░
n3.2Public opinion supports escalation30%███░░░░░░░
n3.3No domestic political constraint blocks invasion55%██████░░░░
n4Military feasibility of limited ground operation60%██████░░░░
n4.1Sufficient force pre-positioning77%████████░░
n4.2Limited operation remains limited27%███░░░░░░░
n4.3Casualty tolerance exists35%████░░░░░░
n5Coalition support enables ground operation50%█████░░░░░
n5.1Israel participates in ground operations40%████░░░░░░
n5.2Gulf states provide basing and logistics62%██████░░░░
n5.3International diplomatic cover exists40%████░░░░░░
n6Escalation dynamics push toward ground war40%████░░░░░░
n6.1Iranian retaliation triggers escalation55%██████░░░░
n6.2Mission creep from special operations35%████░░░░░░
n6.3No diplomatic off-ramp emerges32%███░░░░░░░

Market Edge Analysis

Contracts where market price diverges from thesis-implied value. Positive edge = market underprices this outcome.

ContractMarketModelEdgeSpreadDepth (Bid/Ask)
PWhich countries will send warships through the Strait of Hormuz by April 30?: United StatesYES13¢55¢+43¢18K/17K
PWhat will WTI Crude Oil (WTI) hit in April 2026?: ↑ $140YES21¢50¢+30¢9K/4K
PIsrael ground operation in Iran confirmed by...?: May 31YES22¢50¢+29¢463/743
KWill the US agree to a new Iranian nuclear deal this year?NO39¢10¢+29¢1K/723
PWhat will WTI Crude Oil (WTI) hit in April 2026?: ↑ $150YES14¢40¢+27¢37K/33K
PWhat will WTI Crude Oil (WTI) hit in April 2026?: ↑ $130YES41¢65¢+25¢3K/42K
PStrait of Hormuz traffic returns to normal by end of May?NO32¢8¢+24¢19K/3K
PIsrael ground operation in Iran confirmed by...?: April 30YES17¢40¢+23¢2K/180
PIsrael military action against Fordow nuclear facility by...?: April 30YES8¢30¢+22¢10K/1K
KWill the US agree to a new Iranian nuclear deal before August?NO23¢3¢+20¢11K/2K
PWhich countries will send warships through the Strait of Hormuz by April 30?: United KingdomYES6¢25¢+20¢14K/21K
PWhat will WTI Crude Oil (WTI) hit in April 2026?: ↑ $160YES8¢25¢+17¢2K/68
PWill __ ships transit the Strait of Hormuz on any day by end of April?: 20+NO52¢35¢+17¢424/417
KWill Reza Pahlavi visit Iran before Jul 1, 2026?YES10¢25¢+16¢1K/2K
KWill the United States recognize Reza Pahlavi as the leader of Iran in 2026?YES16¢30¢+15¢18K/7K

Recent Evaluations

Automated analysis runs every 15 minutes. Major events trigger immediate re-evaluation.

Apr 3 08:3352%(+6%)

The single most important development is the NBC News report confirming Trump has privately expressed serious interest in U.S. ground troops in Iran — this is direct evidence confirming node n3.1 (Tru

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