Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
18% | 82% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
18% | 82% | 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 → |
Market context
Polymarket currently prices this contract at **16% YES**, which implies traders assign a modest chance that the United States will commence a qualifying military offensive against Iran before the 2026 settlement window closes. On Polymarket, that view is expressed with **USDC** on **Polygon**, through conditional tokens whose payout depends on whether the event meets the market’s settlement definition.
The current price sits well below the kind of level usually seen when traders expect a sustained ground campaign, and the market definition matters: a “Yes” requires the U.S. to start an offensive intended to establish control over part of Iran, not merely launch air strikes or maritime pressure. That distinction is important because the U.S. and Israel already carried out large-scale strikes in 2026 under Operation Epic Fury, which official material says targeted Iranian missile systems, production and security infrastructure[4][5][14]. Reuters also reported that U.S. objectives had stayed fixed around degrading Iran’s missile and naval capabilities, while other coverage described plans that still centred on bombing, interdiction and coercive pressure rather than occupation[12][13].
For traders, the main catalysts are any shift from stand-off strikes to troop-led planning, plus public signs that diplomacy has failed. Recent reporting says U.S. forces have been asked for “creative and unconventional” options, with planners examining further strikes on buried nuclear sites and, in some scenarios, the need for ground troops because bombs alone may not be enough[11]. Watch for Pentagon force posture changes, transport or amphibious deployments, White House comments on escalation, and any ceasefire breakdown or deadline in talks, since those are the kinds of developments that could move this market quickly before year-end[9][11][12].
Methodology
This page reviews Will the U.S. invade Iran before 2027? 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
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
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 PolyGram. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
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