Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Tax UK) Pick polygram.ink (preferred broker) |
78% | 22% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
78% | 22% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Trade this market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Trade this market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Trade this market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Trade this market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Mojtaba Khamenei | 78% |
| No Head of State | 7% |
| Reza Pahlavi | 4% |
| Mohammad-Bagher Ghalibaf | 3% |
| Hassan Khomeini | 1% |
| Masoud Pezeshkian | 1% |
| Hassan Rouhani | 1% |
| Alireza Arafi | 1% |
| Abbas Araghchi | 1% |
| Ahmad Vahidi | 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% |
| Saeed Jalili | 0% |
| Mahmoud Ahmadinejad | 0% |
| Mohammad Khatami | 0% |
| Other | 0% |
| Mohammad Pakpour | 0% |
| Ali Larijani | 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
The market hinges on whether Mojtaba Khamenei, Iran’s current Supreme Leader elected in March 2026 after his father Ali Khamenei’s assassination, retains de facto head-of-state powers through December 2026. His position is constitutionally supreme, overriding the president, and controls the armed forces and core executive decisions [1][5].
Historical precedent shows Iranian leadership transitions are rarely stable immediately post-assassination; the 2026 interim council lasted only weeks before Khamenei’s formal election, yet internal rivalries within the Assembly of Experts and security networks often persist [2][3]. The current 7% YES probability likely reflects uncertainty over whether Khamenei’s authority faces a coup, health crisis, or forced resignation within the next 18 months, mirroring the volatility seen after Ruhollah Khomeini’s death in 1989.
Traders should monitor announcements from the Assembly of Experts regarding Khamenei’s health or any Guardian Council moves to challenge his tenure, alongside US-Israel military developments that could destabilise Tehran’s security apparatus [2][4]. Recent reporting notes that while Khamenei secured a two-thirds majority in March, support was not unanimous, leaving room for factional pushes [3]. Regulatory access remains straightforward: German GlüStV does not currently block non-KYC prediction markets under €1,500, and US CFTC reach is limited for offshore platforms, meaning this market is accessible to UK traders without identity verification up to $1,500.
Methodology
This overview of Iran leader end of 2026? reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.
Resolution & payout
On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.
FAQ
- Is Polymarket legal in my country?
- Polymarket is geo-blocked in the US/UK/EU. Actual usage via the Polymarket interface is not possible there. The legal status itself varies — many countries treat prediction markets as a gray area. Polymarket Tax UK has a different geo footprint.
- Do I need to KYC for Polymarket Tax UK?
- Not for lifetime trading volume under $1,500. Above that threshold, a quick KYC flow kicks in — ID, selfie, approximately 5-10 minutes. The threshold matches FATF travel standards for unregulated crypto platforms.
- Can I trade anonymously?
- Pseudonymously, yes — up to the KYC threshold. Polymarket Tax UK stores an email address and wallet addresses rather than a legal name. Over $1,500 lifetime volume triggers KYC, after which identity is no longer anonymous.
- Are prediction markets gambling?
- Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Polymarket Tax UK would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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