Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Legal UK) Pick polygram.ink (preferred broker) |
54% | 46% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
54% | 46% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Trade this market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Trade this market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Trade this market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Trade this market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| August 31 | 54% |
| August 14 | 43% |
| July 31 | 23% |
| July 24 | 14% |
| July 18 | 5% |
Market context
The market tracks whether the United States and Iran can sustain a continuous 14-day pause in qualifying military action between now and August 2026, a threshold currently implied at just 5% by the crowd. This low probability reflects the fragility of recent truces; a two-week ceasefire mediated by Pakistan in April 2026 was quickly undermined by renewed strikes on 9 July, while a subsequent 60-day extension agreed in June faces similar volatility as Trump’s rhetoric fuels uncertainty about durability[2][3].
Historical precedents show that ceasefires in this conflict often collapse within days due to mutual distrust and strategic recalibration. The April 2026 truce saw hostilities persist despite formal agreements, with both sides continuing attacks on shipping and military bases in the Gulf[5]. Even after Iran agreed to IAEA inspections and a 60-day sanctions waiver on oil in June, renewed US strikes and Iranian missile attacks threatened the arrangement by early July, underscoring how quickly diplomatic progress can unravel[2][3].
Traders should monitor scheduled Geneva negotiations, US Central Command statements on shipping restrictions, and any Truth Social posts from President Trump, which have previously spiked tension[2]. A recent Associated Press report confirms that renewed strikes on 9 July directly threatened the ceasefire, making upcoming announcements critical[3]. For accessibility, the market’s ‘no-KYC up to $1,500’ feature aligns with German GlüStV exemptions for small-scale participation, while US CFTC reach remains limited for non-US entities, enabling broader access without full regulatory onboarding.
Methodology
This overview of US x Iran Effective Ceasefire by 2026? (2 week pause) reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.
Resolution & payout
On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.
FAQ
- Is Polymarket legal in my country?
- Polymarket is geo-blocked in the US/UK/EU. Actual usage via the Polymarket interface is not possible there. The legal status itself varies — many countries treat prediction markets as a gray area. Polymarket Legal UK has a different geo footprint.
- Can I trade anonymously?
- Pseudonymously, yes — up to the KYC threshold. Polymarket Legal UK stores an email address and wallet addresses rather than a legal name. Over $1,500 lifetime volume triggers KYC, after which identity is no longer anonymous.
- What happens during a tax audit?
- You're responsible for documenting your trades. Polymarket Legal UK exports a full transaction history (CSV/PDF) for tax reporting. In an audit you'll need to present these documents.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Polymarket Legal UK would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
Trade US x Iran Effective Ceasefire by 2026? (2 week pause) on Polymarket Legal UK
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