Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Best Prediction Markets UK) Pick polygram.ink (preferred broker) |
13% | 87% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
13% | 87% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | View on Polymarket → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | View on Polymarket → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | View on Polymarket → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | View on Polymarket → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| December 31 | 13% |
| October 31 | 7% |
| August 31 | 3% |
| May 31 | 0% |
| July 31 | 0% |
| April 30 | 0% |
| June 30 | 0% |
Market context
Iran would need to publicly commit to handing over some or all of its enriched uranium stockpile before this market can settle **Yes**, and the current setup leaves a wide gap between headline noise and a formal pledge. The crowd-implied probability is **0% Yes**, which is far below the kind of pricing usually seen when traders think a statement, side-letter, or framework deal is genuinely close; that suggests the market is still treating the event as remote or unresolved, not merely delayed. Recent reporting has nevertheless pointed to movement: the White House said Iran had indicated willingness to relinquish control of about 1,000 pounds of highly enriched uranium, while other coverage said Tehran had agreed in principle in broader talks but with the disposal mechanism still undecided.[3][2]
The closest historical analogue is the long pattern of Iran nuclear negotiations: partial understandings, later-phase technical disputes, and repeated arguments over verification and transfer mechanics. The IAEA and specialist nuclear watchers have repeatedly stressed that stockpile verification is difficult without direct access, and that any removal would require characterisation, packaging, and independent monitoring before transport or down-blending.[1][8] That matters for reading the odds, because a market on a *public agreement to surrender* is not the same as a market on a diplomatic framework or an internal discussion; past episodes show that declared intent often stops short of a durable, explicit commitment. Reporting in May also suggested a deadlock over “enriched material”, with one account saying Iran was considering third-party transfer rather than direct handover.[10]
For traders, the main catalysts are formal US-Iran statements, any IAEA-linked inspection or verification plan, and whether the next negotiation phase produces language on transfer, storage, or third-country custody. A framework agreement was described as being due around mid-June 2026, followed by a 60-day period for nuclear details, so any revived timetable, leaked draft, or joint communiqué could matter more than general diplomacy.[7] The key divergence is that sportsbook-style lines appear absent or effectively inert, prediction markets are pricing a near-zero outcome, and the recent analyst/media tone is more conditional than decisive, with support for *possible* surrender but no confirmed public pledge meeting the contract’s wording.[2][3][10]
Methodology
We track Iran agrees to surrender enriched uranium stockpile 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
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
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 Best Prediction Markets UK. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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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