Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Bot UK) Pick polygram.ink (preferred broker) |
19% | 81% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
19% | 81% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Place a position → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Place a position → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Place a position → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Place a position → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| July 31 | 19% |
| June 30 | 1% |
| June 26 | 0% |
Market context
The underlying real-world event is the June 14, 2026 memorandum of understanding between the United States and Iran, which halted immediate conflict and established a 60-day technical negotiation window for a final peace deal, with electronic signatures already exchanged by both leaderships[1][2]. This agreement mandates an immediate end to hostilities on all fronts, including Lebanon, and promises significant economic relief, yet it explicitly allows either party to withdraw prior to the formal signing scheduled for Friday[2][5].
Historically, similar high-stakes diplomatic frameworks in the region have collapsed when one side perceived the terms as undermining core strategic aims, such as nuclear sovereignty or asset release, often leading to abrupt public terminations rather than quiet delays[3]. The current 4% crowd-implied probability for an Iranian withdrawal reflects this precedent, suggesting traders view the MoU’s substantial concessions—like the $300 billion reconstruction plan and sanctions suspension—as unlikely to provoke a sudden Iranian exit unless the final deal fails to meet specific preconditions[1][9].
Programmatic traders should monitor the formal signing date on June 19 in Switzerland and any subsequent Iranian official statements regarding the final deal’s alignment with Supreme Leader war aims[5][10]. Key catalysts include the pace of naval blockade removal, the status of frozen Iranian assets, and any public dissent from Iranian hardliners, as these dependencies directly influence the likelihood of a termination announcement before the settlement window closes in July 2026[2][4]. Recent reporting from the New York Times confirms the text’s fourteen-point structure, making deviations from these clauses a primary signal for conditional order triggers[8].
Methodology
We track Iran announces withdrawal from MOU negotiations by 2026? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
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
- 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.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Polymarket Bot UK trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
- 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.
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