There is currently no official confirmation or immediate plans for a Season 3 of Peacemaker. James Gunn, the creator and co-chairman of DC Studios, has indicated that while the characters, including Peacemaker and the 11th Street Kids, will continue to appear in the DC Universe, the story may not return in the form of a traditional Peacemaker Season 3. He mentioned the possibility of the story continuing in other formats or projects within the wider DC Universe, possibly tying into upcoming movies like "Man of Tomorrow." HBO Max has not announced any renewal for a third season as of now, and the finale of Season 2 left a cliffhanger that may be resolved in other DCU projects rather than a direct series continuation. Thus, fans should not expect a straightforward Peacemaker Season 3 soon, but the characters and storylines remain important parts of future DC storytelling plans.