Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Kalshi Legit) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
100% | 0% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See live odds → |
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 real-world event driving this market is the preliminary peace memorandum electronically signed by US President Donald Trump and Iranian President Masoud Pezeshkian, which aims to end the ongoing conflict and reopen the Strait of Hormuz. This accord includes a US commitment to lift all sanctions and unfreeze Iranian assets, while Iran reaffirms it will not procure nuclear weapons, though detailed negotiations on the nuclear programme and final sanctions relief are deferred to a 60-day window.
Historically, comparable frameworks like the 2015 JCPOA required years of complex negotiation by multiple nations before any binding agreement was signed, suggesting that a final deal signed by a single individual in an official capacity remains highly improbable within the current tight timeframe. The crowd-implied 3% probability reflects this structural difficulty, as past precedents show that preliminary memoranda often fail to translate into final, individual-signed treaties without extensive diplomatic bridging and mutual consent extensions.
Traders should monitor the upcoming 60-day negotiation window for announcements regarding the $300 billion reconstruction fund and any extensions to the timeline, as these are critical dependencies for a final agreement [1]. Recent confirmations from Trump that the deal is signed electronically and that Vice President JD Vance will head to Geneva for in-person signing by Friday indicate immediate momentum, yet the release of full agreement details remains pending [2]. Regulatory accessibility for this market is influenced by German GlüStV implications and US CFTC reach, where the 'no-KYC up to $1,500' threshold allows traders to access this specific market without identity verification, provided the transaction stays within that limit.
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 Kalshi Legit has a different geo footprint.
- Do I need to KYC for Is Kalshi Legit?
- Not for lifetime trading volume under $1,500. Above that threshold, a quick KYC flow kicks in — ID, selfie, approximately 5-10 minutes. The threshold matches FATF travel standards for unregulated crypto platforms.
- How are winnings taxed?
- Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
- Can I trade anonymously?
- Pseudonymously, yes — up to the KYC threshold. Is Kalshi Legit 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.
- What happens during a tax audit?
- You're responsible for documenting your trades. Is Kalshi Legit exports a full transaction history (CSV/PDF) for tax reporting. In an audit you'll need to present these documents.
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