Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Qué Es) Pick polygram.ink (preferred broker) |
81% | 19% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
81% | 19% | 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 |
|---|---|
| Mojtaba Khamenei | 81% |
| No Head of State | 5% |
| Reza Pahlavi | 3% |
| Alireza Arafi | 3% |
| Hassan Khomeini | 1% |
| Ahmad Vahidi | 1% |
| Mohammad-Bagher Ghalibaf | 1% |
| Muhammad Mirbaqiri | 0% |
| Sadegh Larijani | 0% |
| Hassan Shariatmadari | 0% |
| Maryam Rajavi | 0% |
| Massoud Rajavi | 0% |
| Seyed Hossein Mousavian | 0% |
| Reza Pirzadeh | 0% |
| Navid Shomali | 0% |
| Mustafa Hijri | 0% |
| Ali Motahari | 0% |
| Gholam-Ali Haddad-Adel | 0% |
| Mostafa Pourmohammadi | 0% |
| Sadegh Mahsouli | 0% |
| Masoud Pezeshkian | 0% |
| Saeed Jalili | 0% |
| Hassan Rouhani | 0% |
| Mahmoud Ahmadinejad | 0% |
| Mohammad Khatami | 0% |
| Other | 0% |
| Mohammad Pakpour | 0% |
| Ali Larijani | 0% |
| Abbas Araghchi | 0% |
| Mohsen Araki | 0% |
| Nasir Hosseini | 0% |
| Ahmad Hosseini Khorasani | 0% |
| Ali Asghar Hejazi | 0% |
| o | 0% |
| p | 0% |
| q | 0% |
| r | 0% |
| s | 0% |
| t | 0% |
| u | 0% |
| v | 0% |
| w | 0% |
| x | 0% |
| y | 0% |
| z | 0% |
| aa | 0% |
| ab | 0% |
| ac | 0% |
| ad | 0% |
| ae | 0% |
| af | 0% |
| ag | 0% |
| ah | 0% |
| ai | 0% |
| aj | 0% |
| ak | 0% |
| al | 0% |
| am | 0% |
| an | 0% |
| ao | 0% |
| ap | 0% |
| aq | 0% |
| ar | 0% |
| as | 0% |
| at | 0% |
| au | 0% |
| av | 0% |
| aw | 0% |
| ax | 0% |
| ay | 0% |
| az | 0% |
| ba | 0% |
| bb | 0% |
| bc | 0% |
| bd | 0% |
| be | 0% |
| bf | 0% |
| bg | 0% |
| bh | 0% |
| bi | 0% |
| bj | 0% |
| bk | 0% |
| bl | 0% |
| bm | 0% |
| bn | 0% |
| bo | 0% |
| bp | 0% |
| bq | 0% |
| br | 0% |
| bs | 0% |
| bt | 0% |
| bu | 0% |
| bv | 0% |
| bw | 0% |
| bx | 0% |
| by | 0% |
| bz | 0% |
| ca | 0% |
| cb | 0% |
| cc | 0% |
| cd | 0% |
| ce | 0% |
| cf | 0% |
| cg | 0% |
| ch | 0% |
| ci | 0% |
| cj | 0% |
| ck | 0% |
| cl | 0% |
| cm | 0% |
| cn | 0% |
| co | 0% |
| cp | 0% |
| cq | 0% |
| cr | 0% |
| cs | 0% |
| ct | 0% |
| cu | 0% |
| cv | 0% |
| cw | 0% |
| cx | 0% |
| cy | 0% |
| cz | 0% |
Market context
Polymarket currently prices this contract with **Mojtaba Khamenei** still the clear frontrunner and **No Head of State** only a low-probability tail outcome, so the market is implicitly betting that some identifiable figure continues to exercise Iran’s top state power through 2026 rather than a prolonged vacuum.[10] Because settlement is based on who *de facto* holds the powers of head of state on 31 December 2026, the relevant question for a USDC position on Polygon is not merely who has a formal title, but who is actually directing the armed forces, national institutions and executive decisions at that point.[10]
The comparison that matters is how fast succession politics in Iran can harden into continuity rather than collapse. Reuters reported after Khamenei’s death that the IRGC and interim leaders retained control and that intelligence assessments did not see an imminent collapse, while other analysis warned that the absence of a single clerical authority creates room for military dominance or a managed transition.[2][8] That combination helps explain why the market can price a low chance of a stateless outcome even after a major leadership rupture: traders are effectively asking whether the system keeps functioning under a recognisable power centre, even if its legitimacy is contested.[4][11]
Catalysts to watch are any new statements from the Assembly of Experts, the Guards, or senior clerical and security figures, plus reports on whether Mojtaba Khamenei remains in effective command or whether authority fragments across military and institutional blocs.[2][8][18] Reuters has also noted that Iran has not shown clear signs of imminent collapse despite pressure and conflict, which matters for the path to year-end because settlement will hinge on who is actually running the state, not on formal ceremonial recognition.[2][8] For holders of conditional tokens, the key trade is whether the endgame looks like consolidation under one power broker, a military-led arrangement, or a genuinely unresolved succession by late December.[4][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
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
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.
- 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.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
Trade Pronóstico: Iran leader end of 2026? on Polymarket Qué Es
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