Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Bot UK) Pick polygram.ink (preferred broker) |
90% | 10% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
90% | 10% | 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 |
|---|---|
| December 31 | 90% |
| October 31 | 87% |
| September 30 | 80% |
| August 31 | 62% |
| August 15 | 46% |
| August 7 | 23% |
| July 24 | 0% |
| July 31 | 0% |
| July 14 | 0% |
Market context
The relevant event is a possible US government move to formally end, lift, suspend or terminate the maritime blockade on Iranian ships and ships of Iranian customers, after Washington reinstated it on 13 July 2026. Because the market settles only on a *public and official* announcement, the key question is not whether shipping traffic improves in practice, but whether the White House, CENTCOM, the Pentagon or another authorised US representative says the blockade has been ended. [13][7]
Historically, these markets tend to move on official wording rather than headlines about diplomacy, patrol patterns or tanker flows. In June, CENTCOM explicitly said blockade enforcement had ceased and that US ships would remain nearby, which is the sort of phrasing that would clearly resolve a similar market to Yes if repeated in reverse; earlier reporting also showed that implementation lagged behind political statements, with military advisories keeping restrictions in place until the deal was signed. That means a trader running this programmatically would want to monitor official channels, not just price action in shipping or energy names, because the settlement trigger is a communications event, not an operational one. [7][12][4]
For the next catalyst, watch for any White House readout, CENTCOM post, defence briefing, or presidential social post that changes the status of the blockade; absent that, a No outcome remains the base case. Reuters-style coverage of the July reinstatement and any follow-up talks matters mainly as a signal of whether a reversal is being prepared, but the market will only flip if the US government actually announces the end of the blockade in the required form. In tooling terms, this is a classic keyword-scrape and alerting problem: track “lift”, “end”, “terminate”, “suspend” and “blockade” across official feeds, then verify the issuer and timestamp before acting. [13][7][12]
Methodology
We track US announces end of Iranian blockade 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
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
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.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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.
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