TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 30, 9:59 AM EST
Kalshi
This event tracks the depreciation of the Iranian Rial against the US Dollar, measuring whether the exchange rate will reach progressively higher levels by June 30, 2026. The outcome depends on the official USD/IRR exchange rate published at a specific time, reflecting Iran's currency stability and inflation trends over the specified period.
Resolution uses the USD/IRR exchange rate (Iranian rials per 1 US dollar) published by Trading Economics on June 30, 2026 at 10:00 AM ET. Each outcome corresponds to a specific threshold in increments of 100,000 rials, ranging from 1,000,000 to 1,900,000. The market resolves Yes for each outcome if the published rate exceeds that threshold. Multiple outcomes may resolve affirmatively if the exchange rate surpasses multiple thresholds.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, USD/IRR on June 30, 2026 is priced through a binary or range-based contract structure where traders buy and sell shares corresponding to different exchange rate outcomes. The platform displays an implied probability for each outcome, updated in real time as orders flow in. Kalshi's pricing mechanism reflects the marginal trader's willingness to buy or sell at any given price, with tighter spreads indicating higher confidence and liquidity. Traders can enter positions at any time before market close, and the final settlement price is determined by the reference exchange rate on the specified date.
The USD/IRR on June 30, 2026 market resolves on Jul 7, 2026. Resolution is determined by the official exchange rate between the US dollar and Iranian rial on June 30, 2026, as reported by the designated reference source. Traders' positions are settled based on whether the actual rate falls within or outside the specified outcome ranges or thresholds defined at market creation. The resolution process is automated once the reference data is confirmed, and all winning and losing positions are credited or debited accordingly in trader accounts.
USD/IRR odds could shift significantly in response to Iranian monetary policy decisions, sanctions developments, and US foreign policy announcements. Central bank interventions, inflation data, and crude oil price movements are key catalysts, as Iran's oil revenues directly influence rial demand. Geopolitical tensions in the Middle East, nuclear negotiations, and changes in US administration policy toward Iran can trigger sharp repricing. Currency market volatility, capital flight pressures, and domestic Iranian economic reforms also drive expectations. Traders monitor these signals continuously, adjusting positions as new information suggests the rial will strengthen or weaken relative to the dollar by June 30, 2026.