Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Polymarket Legal in Canada) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
100% | 0% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open the market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open the market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open the market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open the market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Masoud Pezeshkian | 100% |
| Shehbaz Sharif | 100% |
| JD Vance | 100% |
| Donald Trump | 100% |
| Mohammad Bagher Ghalibaf | 16% |
| Abbas Araghchi | 4% |
| Marco Rubio | 3% |
| Benjamin Netanyahu | 2% |
| Hamad bin Isa Al Khalifa | 2% |
| Pete Hegseth | 1% |
| Recep Tayyip Erdogan | 1% |
| Abdel Fattah el-Sisi | 1% |
| Mohamed bin Zayed Al Nahyan | 1% |
| Mishal Al-Ahmad Al-Jaber Al-Sabah | 1% |
| Mojtaba Khamenei | 1% |
| Steve Witkoff | 1% |
| Sheikh Tamim bin Hamad Al Thani | 1% |
| King Abdullah II | 1% |
| Mohammed bin Salman | 0% |
| Ali Larijani | 0% |
Market context
The underlying real-world event is the preliminary memorandum of understanding signed electronically by US President Donald Trump and Iranian President Masoud Pezeshkian, which aims to end the ongoing conflict and immediately reopen the Strait of Hormuz[1][2]. This accord includes a $300 billion reconstruction initiative for Iran and a cessation of US sanctions, though final negotiations on nuclear constraints and the scope of financial relief remain within a 60-day window[1][3].
Historically, comparable diplomatic frameworks like the 2015 JCPOA required years of negotiation by multiple nations before yielding binding terms, whereas this current 3% crowd-implied probability reflects the uncertainty of converting a preliminary memorandum into a final, signed written agreement by July 2026[3][7]. The precedent suggests that while initial ceasefires often occur, the specific condition of the listed individual signing a definitive written agreement in an official capacity remains a high-barrier hurdle given the unresolved details on ballistic missiles and proxy support[7].
Traders should monitor the scheduled ceremonial signing in Geneva by Vice President JD Vance on Friday and the imminent release of the agreement's full text, which Trump confirmed will occur in the near future[2][5]. Key dependencies include the US commitment to unfreeze Iranian assets and the potential for Iran to impose transit fees on the Strait of Hormuz after the initial 60-day toll-free period expires[3][4]. Regarding market accessibility, German GlüStV implications and US CFTC reach create a regulatory framework where 'no-KYC up to $1,500' allows participants to engage without identity verification, though this specific market remains subject to strict jurisdictional compliance for settlement[1].
Methodology
This overview of Who will sign U.S. x Iran deal? 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. Is Polymarket Legal in Canada has a different geo footprint.
- Can I trade anonymously?
- Pseudonymously, yes — up to the KYC threshold. Is Polymarket Legal in Canada stores an email address and wallet addresses rather than a legal name. Over $1,500 lifetime volume triggers KYC, after which identity is no longer anonymous.
- Are prediction markets gambling?
- Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
- 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), Is Polymarket Legal in Canada would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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