Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Qué Es) Pick polygram.ink (preferred broker) |
25% | 75% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
25% | 75% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| June 30, 2027 | 25% |
| December 31 | 19% |
| November 30 | 14% |
| October 31 | 11% |
| September 30 | 7% |
| August 31 | 3% |
| August 22 | 1% |
| July 31 | 0% |
| August 15 | 0% |
| March 13 | 0% |
| March 31 | 0% |
| April 30 | 0% |
| May 31 | 0% |
| June 30 | 0% |
Market context
Polymarket has this contract at **11% YES**, so the crowd is treating a leadership break in Tehran before 31 December 2026 as a low-probability event. On Polymarket, positions are bought and sold with **USDC** on **Polygon**, and each share is a conditional token that pays out if the market’s definition of a leadership change is met.
For context, the market is being read against a long-running assumption that Iran’s succession structure is designed to absorb shocks rather than produce abrupt change. CFR says the post-Khamenei outcome remains highly uncertain, while a recent forecast from the Centre for Financial Accountability judged forced regime change in Iran to be unlikely even over one year, assigning only **4-9%**. That sits alongside the current Polymarket view that a year-end transition is plausible but still far from base case. Reuters reported in March that Khamenei’s killing would trigger a high-stakes succession race, which underlines how heavily the market depends on whether any change is orderly, contested, or externally forced.[1][2][15]
A trader should watch for three catalysts: an **official succession announcement**, any **detention, incapacitation, or removal** of Mojtaba Khamenei, and the timing of decisions by the **Assembly of Experts** and allied security institutions. The market can resolve Yes on an official announcement alone, even before the new balance of power is fully clear, so headlines matter more than a completed transition. Reuters’ March coverage and later reporting on succession dynamics both suggest that sudden developments, rather than gradual political drift, are what would move this contract fastest.[13][15]
Methodology
Methodologically we separate two layers: the live probability (Polymarket mid-price) and the platform attributes (fee, KYC, settlement currency, payment rails). That keeps the comparison honest — a single canonical probability across the row, with the venue-by-venue trade-offs spelt out in the columns next to it.
Resolution & payout
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
FAQ
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Polymarket Qué Es. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- How fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
Trade Pronóstico: Iran leadership change by 2026? on Polymarket Qué Es
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