Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
11% | 89% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
11% | 89% | 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 |
|---|---|
| July 31 | 11% |
| July 7 | 4% |
| June 30 | 0% |
| June 26 | 0% |
Market context
The United States and Iran have signed a memorandum of understanding to halt immediate conflict and launch a 60-day negotiation window for a final deal, with both sides retaining the option to withdraw before formal signing. On Polymarket, this contract trades at a 2% implied probability for Iran announcing withdrawal, priced in USDC on the Polygon network using conditional tokens that settle automatically upon the event trigger. The low price reflects market confidence that the high-stakes terms—sanctions relief, Strait of Hormuz reopening, and a $300 billion reconstruction initiative—create strong mutual incentives to complete negotiations rather than collapse them[1][3].
Historically, similar ceasefires in the region, such as the 2015 Iran nuclear interim agreement, saw both parties honour negotiation timelines despite domestic political friction, with withdrawal occurring only after explicit breakdowns in core commitments[2]. The current MOU’s binding UN Security Council endorsement clause and executive oversight mechanism further reduce the likelihood of unilateral termination, mirroring precedents where institutional safeguards prevented premature exits[3][4].
Traders should monitor scheduled technical talks on Iran’s nuclear programme and any public statements from President Pezeshkian or US officials regarding sanctions waivers, as delays or contradictions could signal withdrawal intent[2]. Recent reporting from Al Jazeera confirms the MOU’s electronic signing and the 30-day blockade dismantling timeline, making adherence to these milestones a key catalyst for market resolution[1]. Any deviation from the agreed status quo before the final deal would be the primary indicator of a “Yes” outcome.
Methodology
This page reviews Iran announces withdrawal from MOU negotiations by 2026? across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to PolyGram, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
FAQ
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- 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.
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