TOTAL VOLUME:
$66b
24H VOL:
$398,877,831
24H TRANSACTIONS:
647,445,881
OPEN INTEREST:
$1,477,629,845
622,934
Markets across
14,083
events
MATCHED EVENTS:
1,257
PLATFORM COVERAGE:
4
Polymarket:
49%
VS.
Kalshi:
51%
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This event group asks whether Reza Pahlavi will de facto hold and exercise the powers of head of state of Iran by December 31, 2026. Resolution requires demonstrated primary governing authority—including control over armed forces, national institutions, and core executive decision-making—regardless of formal title or international recognition. Symbolic status, exile leadership without domestic control, or foreign recognition alone will not qualify.
This market will resolve to “Yes” if Reza Pahlavi de facto holds and exercises the powers of the head of state of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No.” Reza Pahlavi will be considered to hold power if he exercises primary governing authority over the Iranian state during the specified timeframe, including effective control over the armed forces, national institutions, and core executive decision-making, regardless of formal title, constitutional designation, or international recognition. Formal appointment, recognition by the United Nations, or recognition by foreign governments is not required. Indicators of de facto authority may include control over the armed forces and security services; control over executive ministries and state administrative institutions; enforcement of national laws; issuance of binding national directives; and effective control over the capital and core state infrastructure. Symbolic status, foreign recognition without domestic control, exile leadership without effective authority inside Iran, nomination without effective authority, or ceremonial or transitional status without governing control will not qualify. If Iran experiences a period in which no individual exercises effective governing control, this will not alone qualify for a “Yes” resolution unless Reza Pahlavi subsequently meets the criteria above within the specified timeframe. The primary resolution source for this market will be a consensus of credible reporting.
This market will resolve to “Yes” if Reza Pahlavi de facto holds and exercises the powers of the head of state of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No.” Reza Pahlavi will be considered to hold power if he exercises primary governing authority over the Iranian state during the specified timeframe, including effective control over the armed forces, national institutions, and core executive decision-making, regardless of formal title, constitutional designation, or international recognition. Formal appointment, recognition by the United Nations, or recognition by foreign governments is not required. Indicators of de facto authority may include control over the armed forces and security services; control over executive ministries and state administrative institutions; enforcement of national laws; issuance of binding national directives; and effective control over the capital and core state infrastructure. Symbolic status, foreign recognition without domestic control, exile leadership without effective authority inside Iran, nomination without effective authority, or ceremonial or transitional status without governing control will not qualify. If Iran experiences a period in which no individual exercises effective governing control, this will not alone qualify for a “Yes” resolution unless Reza Pahlavi subsequently meets the criteria above within the specified timeframe. The primary resolution source for this market will be a consensus of credible reporting.
Prediction market odds reflect aggregated bets from thousands of traders with real financial stakes, whereas polling captures stated preferences at a single moment. Markets for Reza Pahlavi's potential leadership in Iran incorporate expert analysis, geopolitical intelligence, and evolving conditions in ways traditional polls may not. Prediction markets often diverge from polls because traders price in tail risks, regime dynamics, and international factors that surveys miss. The current market odds represent a probabilistic forecast grounded in continuous price discovery rather than a snapshot of public opinion.
Polymarket and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Price differences between Polymarket and Predict arise from variations in liquidity, user base composition, and trading activity on each platform. Polymarket typically commands larger volume and may attract institutional traders, while Predict may have different fee structures or user demographics that influence marginal pricing. Geographic access, platform UI, and settlement confidence can also create temporary spreads. These gaps often narrow as arbitrageurs exploit mispricings, but they persist due to friction costs and platform-specific risk perceptions around Iran political outcomes.
The market resolves on Jan 1, 2027. Resolution hinges on whether Reza Pahlavi holds executive leadership of Iran at that time. The outcome is determined by verifiable evidence of his formal position as head of state or government. Traders should monitor official Iranian government announcements, international diplomatic recognition, and credible news sources for confirmation. Any regime change, succession, or constitutional shift affecting leadership status will be central to the final determination.
Key catalysts include major shifts in Iran's internal political stability, health or succession developments affecting current leadership, international sanctions or diplomatic breakthroughs, and any public statements or organizational activity by Reza Pahlavi or opposition movements. Military or security incidents, regional conflicts, and economic crises could accelerate regime change scenarios. Elections, constitutional reforms, or formal declarations of intent by opposition figures would sharply reprrice odds. Media coverage of exile networks, international support for alternative governance, and expert commentary on succession probability will drive trader sentiment and volume.
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