Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
78% | 22% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
78% | 22% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open live 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
Mojtaba Khamenei formally holds Iran’s supreme leadership title as of March 2026, yet the Islamic Revolutionary Guard Corps (IRGC) exercises de facto control over armed forces and core state functions, sidelining both the president and the new supreme leader [1][4]. The market’s 7% YES probability reflects uncertainty over whether formal succession will translate into actual governing authority by end-2026, given the IRGC’s emergence as the real power broker amid wartime fragility [4][9].
Historically, Iran’s leadership transitions have rarely shifted de facto power; Ali Khamenei’s 36-year rule saw the president remain constitutionally subordinate while the supreme leader commanded the military and judiciary [1][5][6]. Comparable cases, such as the post-Raisi paralysis in 2024–2025, show that institutional inertia and hard-line dominance can persist even after formal succession, making the 7% figure plausible if the IRGC continues to operate as the governing nucleus [3][8].
Traders should monitor IRGC command appointments, Assembly of Experts statements on Mojtaba’s decision-making capacity, and any US–Israel negotiation shifts that might signal internal power realignments [4][11]. The International Crisis Group notes Mojtaba currently lacks critical decision-making authority, with negotiators using his name as cover while the IRGC sets policy [4]. Any announcement of a triad council expansion or direct IRGC takeover of state functions would materially alter the settlement outcome.
Methodology
This page reads Iran leader end of 2026? on-chain. Polymarket's quote comes directly from the Polygon order book — the only comparable venue with on-chain settlement. Kalshi (USD, off-chain), Betfair (GBP/EUR, off-chain) and Manifold (play-money) are listed alongside for venue context. Every CTA routes to BTC Prediction, which mirrors the Polymarket order book directly.
Resolution & payout
Settlement is on-chain via UMA Optimistic Oracle. A proposer posts the outcome with a bond, a two-hour dispute window opens, then the smart contract lifts winning conditional tokens to 1 USDC and sends payments to holders' wallets automatically. No withdrawal fees beyond Polygon gas.
Off-chain venues (Kalshi, Betfair, Smarkets) settle in local fiat through bank-side clearing — faster than SWIFT, slower than on-chain. Manifold pays no real cash.
FAQ
- Why USDC and not ETH or USDT?
- USDC is the Polygon standard — audited reserves (Circle, monthly attestation), deepest order book, low gas costs. ETH volatility would distort probability quotes; USDT has thinner Polygon liquidity than USDC.
- What does a transaction cost on Polygon?
- Polygon gas is typically under $0.01 per transaction. A full trade cycle (Approve + Order + Fill) totals around $0.03 — compared to $5-50 on Ethereum mainnet.
- Can I use Bitcoin directly?
- No, Polymarket operates exclusively in USDC on Polygon. You can bridge BTC to USDC via an exchange or bridge service and deposit on Polygon — typically 10-30 minutes processing time.
- How does UMA secure the resolution?
- The UMA Optimistic Oracle uses a bond system: a proposer posts a bond, a two-hour challenge window opens. On dispute the losing side forfeits the bond — financial incentive for honest resolution.
- Which crypto markets exist on Polymarket?
- Currently active markets include BTC/ETH/SOL price targets, halving dates, ETF approvals, hard-fork outcomes and Layer-2 TVL thresholds. The list updates weekly; biggest volume sits on BTC and ETH price forecasts.
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