Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Trump Prediction) Pick polygram.ink (preferred broker) |
12% | 88% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
12% | 88% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| December 31 | 12% |
| November 30 | 10% |
| October 31 | 5% |
| September 30 | 3% |
| August 31 | 1% |
| June 30 | 0% |
| July 31 | 0% |
| August 13 | 0% |
| August 18 | 0% |
Market context
The U.S. and Iran have already signed an interim written understanding, but the market still needs a **final, qualifying diplomatic instrument** by 31 August for a Yes. That means the June framework matters chiefly as a starting point: it created a 60-day negotiating runway, not a completed nuclear settlement, and several core issues still have to be locked in, including enrichment limits, sanctions relief, and verification.[6][14][15]
For context, the current 0% crowd price looks anchored to the long record of U.S.-Iran talks producing *process* rather than finality. In February, both sides said they had reached only “guiding principles” and that a lot of detail remained unresolved, while later rounds still ended with “progress” and no final deal.[3][7][11][13] That pattern makes a late breakout possible, but it also means traders should discount headline optimism until the text is formally adopted and the parties have cleared the remaining implementation terms.[1][9]
The main catalyst is whether negotiators convert the existing MoU into a signed or adopted final instrument before the deadline, and the market will likely react to any joint statement, technical-session schedule, or sanctions/IAEA announcement tied to that effort.[5][6][10] Reuters has already reported that the sides were close enough in June for signing to be discussed “in the coming days”, but also that the text was not yet finalised; if that gap reopens, the probability should stay near zero, whereas a fresh announcement from mediators or a U.S./Iran statement on the remaining nuclear and sanctions clauses would be the decisive move.[9][14]
Methodology
Political prediction markets differ structurally from sports betting: thinner liquidity, longer settlement windows, higher sensitivity to single news events. This page shows the live Polymarket quote for US-Iran Final Nuclear Deal by…? plus platform attributes for the three reference venues, so you can see at a glance where the deepest market for this question sits.
Resolution & payout
Political markets typically settle on official candidate or agency confirmation. Polymarket uses UMA Optimistic Oracle: a proposer posts the outcome with a bond, the two-hour window opens, then the smart contract pays USDC.
Kalshi settles USD via CFTC clearinghouse, with clearly defined resolution sources (e.g. AP race calls for elections). Betfair settles after the official outcome is registered with the league or agency. Manifold is play-money.
UK Frequently Asked Questions
- How accurate are political prediction markets?
- Historically more accurate than polls. Polymarket's Brier score on US 2024 elections was ~0.11 — better than 538 (~0.14) and every mainstream poll. Markets aggregate information with real skin in the game.
- What resolution source is used for elections?
- Polymarket defines the source per contract — usually Associated Press (AP Race Call), Reuters or the official electoral commission. The source is stated in contract details before the market opens.
- Can prediction markets influence election outcomes?
- Markets reflect expectations rather than create them. Studies show public-facing markets can anchor expectations, but don't influence the underlying outcome. Political markets are information, not advocacy.
- Why do Polymarket and Kalshi differ on elections?
- Kalshi must follow CFTC compliance — strict definitions, clear resolution sources, US citizens only with KYC. Polymarket operates globally without CFTC oversight — deeper liquidity, but also higher regulatory risk.
- Are UK election prediction markets available from the UK?
- Yes. Betfair Exchange and Smarkets offer UKGC-regulated UK election markets (seat counts, party share, constituency results). Polymarket also lists UK election contracts with deeper global liquidity. Betfair winnings are typically tax-free for UK individuals; Polymarket profits are subject to HMRC CGT.
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