Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win 2026) Pick polygram.ink (preferred broker) |
97% | 3% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
97% | 3% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| December 31 | 97% |
| October 31 | 93% |
| September 30 | 91% |
| August 31 | 81% |
| August 15 | 71% |
| August 7 | 44% |
| July 24 | 0% |
| July 31 | 0% |
| July 14 | 0% |
Market context
The U.S. has already announced that it lifted the naval blockade on Iranian ports and traffic through the Strait of Hormuz in June, so the market’s **0% yes** implies the crowd is treating a second, new formal lifting announcement as extremely unlikely. That makes the favourite clearly **No**, with any **Yes** needing a fresh, explicit U.S. government statement that the blockade has been ended, terminated, lifted or suspended again before 31 August 2026. [1][3][9]
Historically, markets on wartime or sanctions-style restrictions tend to price the *first* reversal sharply lower once an official cessation has already been announced, because the remaining path is usually legal ambiguity, not policy reversal. Here, the earlier CENTCOM and White House-aligned reporting said the blockade was ended “in accordance with the President’s direction”, which means a trader would need to believe either that the June move was not final in market terms or that Washington could issue a second clarifying notice that specifically matches the settlement language. That is a narrow contrarian angle, but it sits against a consensus that the event has effectively already happened once. [1][3][6][9]
The main catalysts are any White House, Pentagon or CENTCOM readouts, plus follow-on implementation updates tied to the Iran deal and Strait of Hormuz shipping arrangements; Reuters/BBC-style dispatches would matter most if they report a formal government statement rather than market chatter. The value spot for a contrarian is not in expecting a new blockade to start and end again, but in spotting whether the market underweights the risk of a technical re-announcement, a revised legal memo, or a public “suspension/termination” notice issued to codify the June change before settlement. If no such official language appears, the outcome remains heavily skewed to **No**. [1][3][6][10]
Methodology
We track US announces end of Iranian blockade by 2026? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
FAQ
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Who Will Win 2026. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- How fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
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