Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Germany Legal) Pick polygram.ink (preferred broker) |
81% | 19% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
81% | 19% | 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 |
|---|---|
| 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
The real-world question is who will *actually* hold the top effective authority in Iran by 31 December 2026, not who is merely named in office. Since the February 2026 killing of Ali Khamenei and the subsequent succession struggle, reporting has described a fluid balance between clerical legitimacy, IRGC power and interim arrangements, with Reuters saying the Guards have seized wartime influence and that Mojtaba Khamenei’s role may be more endorsement than command.[3][5]
A 5% YES price is consistent with a market that is still pricing in a sharp break from the current settlement path, but comparable cases suggest the opposite can persist for long periods: authoritarian systems often re-centre around security elites after leadership shocks, while outside assessments have also said Iran’s state apparatus remains intact enough to avoid immediate collapse.[2][10][20] For accessibility, the regulatory angle matters. Under Germany’s GlüStV, online gambling restrictions can affect how residents access and fund speculative markets, while US CFTC reach is relevant because American users and intermediaries can face derivatives-style scrutiny depending on structure and enforcement posture. A “no-KYC up to $1,500” setup generally means smaller deposits or withdrawals may be possible without full identity verification, which can widen casual access to this market but does not remove country-specific eligibility or compliance limits.
Traders should watch for any formal leadership announcements, Assembly of Experts activity, IRGC appointments, or signs that the interim chain of command is being normalised into a durable settlement. Reuters’ March and April updates are especially relevant because they track whether the security services remain the decisive actors or whether clerical authority consolidates again.[3][5][10] Any credible reporting on succession, emergency decrees, or a change in who issues orders to the armed forces would matter more than formal titles, because the market resolves on de facto control rather than constitutional label.
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 Germany Legal has a different geo footprint.
- 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).
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Polymarket Germany Legal would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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