TOTAL VOLUME:
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824,617
Markets across
14,701
events
MATCHED EVENTS:
899
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
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This market tracks whether Iran's Islamic Republic will be overthrown, collapse, or cease governing before the end of 2026. Across Polymarket and Opinion, the aggregated consensus shows a 24.5% probability that the regime falls by December 31, 2026, with a 6.5% probability assigned to an earlier resolution window. Resolution requires a clear break in continuity of core state structures—including the Supreme Leader's office, Guardian Council, and IRGC clerical control—through revolution, civil war, military coup, or similar means, as determined by consensus credible reporting. Watch for major political upheaval or institutional collapse signals as the December 31, 2026 resolution deadline approaches.
This market will resolve to "Yes" if the Islamic Republic of Iran’s current ruling regime is overthrown, collapsed, or otherwise ceases to govern by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. This requires a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power. Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify. Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran. The resolution source will be a consensus of credible reporting.
This market will resolve to "Yes" if the Islamic Republic of Iran’s current ruling regime is overthrown, collapsed, or otherwise ceases to govern by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. This requires a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power. Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify. Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran. The resolution source will be a consensus of credible reporting.
Prediction markets and polling measure different things. Polls capture current public opinion on a snapshot basis, while this market reflects traders' probabilistic forecasts of an actual outcome by a specific date. Market prices incorporate real financial incentives—traders who bet wrong lose money—creating pressure toward accuracy. Prediction markets often diverge from polls because they factor in tail risks, geopolitical intelligence, and longer time horizons. For regime stability questions, markets tend to embed deeper analysis of institutional fragility and external pressures than traditional surveys capture.
Polymarket and Opinion may price this outcome differently due to variations in liquidity, user demographics, and trading mechanics. Polymarket and Opinion can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Larger platforms often attract institutional traders and deeper order books, while smaller venues may see more retail participation or niche expertise. Time-zone effects, fee structures, and platform-specific incentives can also create temporary spreads. Comparing prices across both venues helps you identify arbitrage opportunities and understand where conviction is strongest among different trader cohorts.
This market resolves around Dec 31, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution hinges on whether Iran's current regime has fallen by that date—a determination made against established news sources and international documentation. The binary structure means traders are betting on a clear, observable outcome rather than degrees of change. Once the resolution date arrives, the market will settle based on whether the specified condition has been met.
Major catalysts include mass protests, military defections, economic collapse, or international intervention—any event signaling regime instability will shift trader positioning sharply. Leadership succession crises, sanctions escalation, or regional conflict could trigger rapid repricing. Conversely, successful government crackdowns or stabilization measures would push odds downward. Intelligence reports, diplomatic developments, and social media indicators of unrest all influence market sentiment. Traders monitor both headline events and structural indicators like currency weakness, capital flight, and institutional cohesion to anticipate regime vulnerability.
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