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824,617
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This market tracks whether Iran will lose primary governmental or military control of Kharg Island, a strategically significant oil terminal in the Persian Gulf. On Polymarket, the probability that Kharg Island is no longer under Iranian control by August 31 stands at 4.5%, with a secondary outcome of 1.9% probability for loss of control by July 31. Resolution will be determined by official statements from relevant governments and militaries alongside credible reporting consensus. Watch for any actual establishment of control by another state or occupying force by the March 31, 2026 11:59PM ET resolution deadline, as temporary military actions or announcements alone will not qualify.
This market will resolve to "Yes" if Kharg Island is no longer under Iranian control by March 31, 2026 11:59PM ET. Otherwise, this market will resolve to "No". “No longer under the control of Iran” means that Iran no longer exercises primary governmental or military control over Kharg Island, and another state, occupying force, or internationally backed authority has established control over the island. Temporary raids, isolated landings, special operations, bombardment, sabotage, naval presence offshore, or temporary disruption of Iranian activity will not qualify on their own. An announcement, threat, or claim that Iran has lost control will not qualify without actual control being established. If control changes pursuant to a negotiated settlement, ceasefire term, surrender, or transfer agreement, this will qualify only once actual control has been established on the island. If control over Kharg Island is contested, unclear, disputed, or not sufficiently established by the resolution date, this will not qualify, and the market will resolve to “No”. The primary resolution source will be official statements from the relevant governments and militaries, along with a consensus of credible reporting.
Prediction market odds on Polymarket often diverge from traditional polling and analyst forecasts on geopolitical events like Kharg Island control. Markets aggregate real-time information from traders with financial stakes, whereas polls capture static snapshots of opinion. For territorial disputes and military scenarios, prediction markets may reflect classified intelligence, expert positioning, and dynamic risk reassessment faster than conventional surveys. Comparing Polymarket odds to geopolitical analyst consensus and news flow can reveal whether the market is pricing in tail risks or consensus views that traditional sources have not yet fully captured.
On Polymarket, Kharg Island no longer under Iranian control is priced as a binary outcome contract. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy YES shares if they believe the island will no longer be under Iranian control by the deadline, or NO shares if they expect Iranian control to persist. The current market price reflects the collective probability assigned by active traders. Volume and liquidity on this contract indicate the level of conviction and participation; higher volume typically signals greater confidence in the outcome or heightened uncertainty driving two-sided trading.
The Kharg Island no longer under Iranian control market resolves on Jun 30, 2026. Resolution hinges on whether Kharg Island remains under Iranian administrative and military control up to that deadline. The determination will be based on credible geopolitical and news sources documenting control status at resolution time. Traders should monitor official statements, military developments, and international reporting to assess the likelihood of a change in control before the deadline.
Key catalysts include military escalation in the Persian Gulf, direct attacks on Kharg Island's oil infrastructure or military installations, regional conflict involving Iran and neighboring powers, international sanctions or blockades affecting Iranian control, and statements from Iranian officials or foreign governments regarding the island's status. Geopolitical shifts in US–Iran relations, Gulf state alliances, or broader Middle East tensions could also shift market odds. Energy market disruptions tied to Kharg Island's strategic importance and any credible reports of territorial disputes or foreign military operations would likely trigger sharp repricing.
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