Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Fees) Pick polygram.ink (preferred broker) |
80% | 20% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
80% | 20% | 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 |
|---|---|
| Nicolás Maduro | 80% |
| Delcy Rodríguez | 13% |
| María Corina Machado | 4% |
| No Head of State | 2% |
| Jorge Rodríguez | 1% |
| Edmundo González | 1% |
| Diosdado Cabello Rondón | 0% |
| Dinorah Figuera | 0% |
| Vladimir Padrino López | 0% |
| Evan Pettus | 0% |
| Dan Caine | 0% |
| Leader 2 | 0% |
| Leader 4 | 0% |
| Leader 6 | 0% |
| Leader 8 | 0% |
| Leader 10 | 0% |
| Leader 12 | 0% |
| Leader 14 | 0% |
| Leader 16 | 0% |
| Leader 18 | 0% |
| Leader 20 | 0% |
| Leader 22 | 0% |
| Leader 24 | 0% |
| Leader 26 | 0% |
| Leader 28 | 0% |
| Leader 30 | 0% |
| Leader 32 | 0% |
| Leader 34 | 0% |
| Leader 36 | 0% |
| Leader 38 | 0% |
| Leader 40 | 0% |
| Donald Trump | 0% |
| Marco Rubio | 0% |
| Pete Hegseth | 0% |
| Frank Donovan | 0% |
| Richard Grenell | 0% |
| Leader 1 | 0% |
| Leader 3 | 0% |
| Leader 5 | 0% |
| Leader 7 | 0% |
| Leader 9 | 0% |
| Leader 11 | 0% |
| Leader 13 | 0% |
| Leader 15 | 0% |
| Leader 17 | 0% |
| Leader 19 | 0% |
| Leader 21 | 0% |
| Leader 23 | 0% |
| Leader 25 | 0% |
| Leader 27 | 0% |
| Leader 29 | 0% |
| Leader 31 | 0% |
| Leader 33 | 0% |
| Leader 35 | 0% |
| Leader 37 | 0% |
| Leader 39 | 0% |
| Other | 0% |
Market context
The real-world event driving this market is the sudden removal of Nicolás Maduro from power in Venezuela following a US military operation on 3 January 2026, which resulted in his capture and subsequent transfer to the United States. Delcy Rodríguez, formerly vice-president, was designated interim president by Venezuela’s high court and has assumed the role of head of state with military backing, though the situation remains politically volatile under intense US pressure.
Historically, Latin American transitions after forced ousters have often seen interim leaders consolidate power within months, yet Rodríguez’s position is uniquely constrained by Trump’s assertion that Venezuela is now a US protectorate, implying her tenure serves at Washington’s will. Comparable cases, such as Haiti’s 2021 post-Moïse transition, show that interim heads can remain in place for years if external powers stabilise them, but Rodríguez’s 4% implied probability of lasting until end-2026 reflects uncertainty over whether she will be replaced by a more US-aligned figure or face internal military pushback.
Traders should monitor scheduled announcements from Venezuela’s high court, military briefings, and any US State Department statements regarding leadership changes, as these are primary catalysts. Recent reporting from PBS confirms Rodríguez’s interim status and the military’s support, but also notes ongoing uncertainty about whether Maduro’s formal removal will be legally recognised domestically, which could trigger a constitutional crisis and leadership reshuffle [1]. Conditional orders should be placed to react to any UN updates listing a new head of state, as the market resolves to the UN-designated leader if Venezuela’s government fails to clarify.
Methodology
This page is a comparison snapshot: one live quote, four reference venues with their key attributes, and a single execution path — every trade button routes to Kalshi Fees, which mirrors the Polymarket order book directly.
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
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Kalshi Fees. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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 Kalshi Fees trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
Trade Venezuela leader end of 2026? on Kalshi Fees
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