TOTAL VOLUME:
$134b
24H VOL:
$103,397,351
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,410,176,180
399,592
Markets across
30,097
events
MATCHED EVENTS:
2,622
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: May 29, 9:59 AM EST
Kalshi
This market tracks whether the US dollar will trade above 1,100,000 Iranian rials on May 29, 2026, reflecting the trajectory of Iran's currency depreciation. On Kalshi, the leading outcome currently stands at 97.0%. Resolution will be determined by the USD/IRR exchange rate published on May 29, 2026 at 10:00 AM ET, sourced from official exchange data. Watch the May 29, 2026 measurement date for the official USD/IRR fixing, which will settle this contract.
Prediction market odds on Kalshi reflect aggregated trader expectations about USD/IRR movement, which often diverge from traditional analyst forecasts. While economists and currency strategists typically rely on macroeconomic models, interest-rate differentials, and geopolitical risk assessments, prediction markets incorporate real-time information and trader conviction through financial incentives. The current market pricing suggests specific probability assumptions about Iranian monetary policy, sanctions dynamics, and dollar strength that may align with or contradict consensus analyst views, offering an alternative data point for assessing currency depreciation risk.
The USD/IRR on May 29, 2026 market resolves on Jun 5, 2026. Resolution hinges on the official USD/IRR exchange rate on the specified date, determining whether the contract settles as a yes or no outcome. Traders should monitor official currency data sources and market announcements as the resolution date approaches to understand how the final rate will be established and verified.
USD/IRR pricing could shift significantly based on Iranian monetary policy announcements, central bank interventions, and sanctions-related developments affecting capital flows. Broader dollar strength or weakness driven by US Federal Reserve decisions and global risk sentiment will also influence the contract. Geopolitical tensions, oil price movements, and Iranian economic data releases represent key catalysts. Additionally, changes in market expectations about Iranian inflation, foreign exchange reserves, and trade dynamics could reshape trader conviction about whether the rial will depreciate past the 1,500,000 threshold by May 29, 2026.