TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 29, 8:00 PM EST
Polymarket
This market tracks whether Iran's Islamic Republic will remain in power if the United States conducts military strikes against Iranian territory, airspace, maritime zones, or Iranian diplomatic facilities. On Polymarket, the leading outcome—that the regime survives—stands at 99.8%. Resolution depends on two conditions being satisfied by June 30, 2026, 11:59 PM ET: a qualifying U.S. military action must occur, and the Islamic Republic's core governing structures must remain intact and in control of the majority of Iran's population. Watch for any official U.S. military action announcement or credible reporting of strikes on Iranian soil, airspace, or maritime territory before the June 30, 2026 resolution deadline.
This market will resolve to "Yes" if both of the following conditions are met by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". 1. The US initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates by June 30, 2026, 11:59 PM ET. For the purposes of this market, a "military action" will be considered to be any use of force executed by the US military on Iranian soil, airspace, or maritime territory (e.g. if a weapons depot on Iranian soil is hit by an US missile) that is officially acknowledged by the US government or a consensus of credible reporting. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market. 2. The Islamic Republic of Iran’s current ruling regime is NOT overthrown, collapsed, or otherwise ceases to govern by June 30, 2026, 11:59 PM ET. The Islamic Republic of Iran’s current ruling regime will be considered overthrown if 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. Note: If the Iranian regime falls - as defined above - prior to a qualifying U.S. military action, this market will immediately resolve to "No".
Prediction market odds on Polymarket reflect aggregated trader expectations rather than traditional polling. While polls measure public opinion on foreign policy attitudes, prediction markets incentivize participants to forecast actual outcomes with real money at stake. The current market probability incorporates expert analysis, geopolitical intelligence, and historical precedent about regime resilience and U.S. military doctrine. Prediction markets often diverge from polls because traders focus on outcome likelihood rather than preference, making them a distinct signal of informed expectations about whether the Iranian regime will endure military strikes through Jun 30, 2026.
The market resolves on Jun 30, 2026. Resolution depends on whether the Iranian regime remains in control of its government and territory following any U.S. military strikes that may occur before that date. The outcome is determined by observable geopolitical facts: whether the regime continues to exercise state authority, maintain institutional continuity, and retain territorial integrity. If no U.S. military strikes occur by the resolution date, the market resolves based on the regime's status at that time. Traders should monitor official announcements, credible news sources, and expert analysis to assess the likelihood of military action and regime stability through the deadline.
Key catalysts include escalations in U.S.–Iran tensions, such as military buildups in the Persian Gulf, statements from U.S. leadership about military options, or Iranian provocations that trigger American response. Nuclear negotiations and sanctions policy shifts significantly influence market pricing, as they affect the probability of military conflict. Regional developments—Israeli military actions, proxy attacks, or humanitarian crises—can shift trader expectations about U.S. intervention likelihood. Intelligence reports on Iranian military capabilities or regime stability also move odds. Finally, changes in U.S. administration priorities or international diplomatic efforts toward de-escalation will reshape market sentiment about whether military strikes occur and whether the regime survives them through Jun 30, 2026.