Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Fees) Pick polygram.ink (preferred broker) |
5% | 95% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
5% | 95% | 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 |
|---|---|
| August 31 | 5% |
| July 24 | 1% |
| July 31 | 1% |
Market context
The event in question is whether Mojtaba Khamenei, Iran’s newly appointed Supreme Leader, will physically leave Iranian territory between now and July 2026. Current crowd-implied probability sits at 1% YES, reflecting deep scepticism that the regime would permit its top figure to exit during an active war with the US and Israel.
Historical precedent and recent intelligence suggest Khamenei has remained inside Iran since his March 8 appointment, despite prolonged public invisibility. Russian Ambassador Alexey Dedov confirmed in March he is in Iran but avoiding appearances for “understandable reasons”[1][5], while US intelligence later described him as hidden in a secret location with minimal outside access[8]. Comparable cases of leaders in wartime—such as Saddam Hussein during the 1990s or Assad in Syria’s civil war—show near-zero instances of voluntary departure while conflict persists, reinforcing the market’s low probability.
Traders should monitor three catalysts: official regime statements on his whereabouts, ceasefire developments, and any sudden diplomatic travel announcements. A fragile ceasefire was announced in April, with Iranian officials insisting Khamenei is “in his office” and “perfectly healthy”[4]. However, Israeli claims via Saudi media allege he is no longer in Iran, creating a high-stakes information gap[2]. Any confirmed departure would likely emerge through foreign government briefings or leaked flight data, not regime channels. Watch for updates from Reuters or CBS, which have provided the most credible intelligence on his status[1][8].
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.
- 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.
Trade Will Mojtaba Khamenei leave Iran by 2026? on Kalshi Fees
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