Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Germany Legal) Pick polygram.ink (preferred broker) |
31% | 69% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
31% | 69% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | View on Polymarket → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | View on Polymarket → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | View on Polymarket → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | View on Polymarket → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| United States | 31% |
| France | 5% |
| United Kingdom | 4% |
| Italy | 2% |
| Germany | 2% |
| Netherlands | 1% |
| Greece | 1% |
| Australia | 1% |
Market context
The Strait of Hormuz, a 54-nautical-mile waterway between Iran and Oman, handles roughly one-third of global seaborne oil trade. A warship transit through this chokepoint would represent either a deliberate show of force, a response to regional escalation, or a shift in naval posture by a major power. The current 4% probability reflects the rarity of such passages under normal circumstances; the strait remains heavily monitored by Iranian naval forces, and most international naval activity occurs in the Persian Gulf proper rather than the narrow transit corridor itself.
Historical precedent suggests transits spike during acute crises. The 2019 tanker attacks and subsequent US military build-up saw increased American naval presence, though formal warship transits remained limited. The 2022 British frigate passage through the strait, conducted to assert freedom of navigation, demonstrated that Western navies do occasionally execute such transits, but these remain exceptional rather than routine. The low probability reflects both the diplomatic sensitivity of the route and Iran's capacity to restrict or delay passages through its territorial waters.
Traders should monitor announcements from the US Navy's Fifth Fleet, statements from the Iranian Revolutionary Guard Corps Navy, and any escalation in regional tensions—particularly around Israeli-Iranian hostilities or sanctions enforcement. Recent reporting from Reuters and regional naval tracking services indicates no scheduled major-power warship transits are publicly announced for the period through July 2026. Any significant shift in US-Iran relations, Israeli military operations, or Houthi activity in the Red Sea could alter transit calculus substantially.
Methodology
This overview of Which countries will send warships through the Strait of Hormuz by July 31? 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 Germany Legal has a different geo footprint.
- Do I need to KYC for Polymarket Germany Legal?
- 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.
- How are winnings taxed?
- Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
- What happens during a tax audit?
- You're responsible for documenting your trades. Polymarket Germany Legal exports a full transaction history (CSV/PDF) for tax reporting. In an audit you'll need to present these documents.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
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