Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Alternative) Pick polygram.ink (preferred broker) |
6% | 94% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
6% | 94% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Go to the live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Go to the live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Go to the live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Go to the live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Pete Hegseth | 6% |
| Steve Witkoff | 5% |
| Marco Rubio | 4% |
| Benjamin Netanyahu | 4% |
| Shehbaz Sharif | 3% |
| Mishal Al-Ahmad Al-Jaber Al-Sabah | 3% |
| Hamad bin Isa Al Khalifa | 3% |
| JD Vance | 3% |
| Mohamed bin Zayed Al Nahyan | 3% |
| Abdel Fattah el-Sisi | 3% |
| Jared Kushner | 2% |
| Abbas Araghchi | 2% |
| Sheikh Tamim bin Hamad Al Thani | 2% |
| King Abdullah II | 2% |
| Recep Tayyip Erdogan | 2% |
| Mohammed bin Salman | 1% |
| Mojtaba Khamenei | 1% |
| Donald Trump | 1% |
| Masoud Pezeshkian | 1% |
| Elon Musk | 1% |
Market context
On 17 June 2026, US President Donald Trump and Iranian President Masoud Pezeshkian remotely signed a memorandum of understanding to end the 2026 Iran war, triggering a 60-day ceasefire and setting a physical signing ceremony in Switzerland for 19 June. The agreement mandates an immediate cessation of hostilities, sanctions relief, and $300 billion in economic rehabilitation financing, with the Strait of Hormuz reopening as a central pillar [1][2].
Historical precedents for high-stakes US-Iran diplomacy, such as the 2015 nuclear deal negotiations, show that physical attendance by top leaders at signing ceremonies is rare when remote execution is feasible, especially amid security threats or regional instability like the recent Israel-Lebanon conflict that postponed talks [3][4]. This context frames the current 3% crowd-implied probability as realistic; platforms diverge here, with Polymarket offering decimal odds (33.33:1) while Kalshi and Betfair emphasise implied probability (3%), and Kalshi’s strict KYC requirements may limit retail participation compared to Smarkets’ lighter verification [5].
Traders must monitor official Swiss government announcements for the 19 June ceremony schedule, any further Israeli military actions in Lebanon that could delay attendance, and US State Department travel waivers for Iranian delegates [4][7]. Recent Axios reporting confirms the remote signing occurred ahead of the physical event, suggesting the ceremony may be symbolic rather than a venue for new leader attendance [5]. Divergence remains key: Polymarket’s fee structure (2%) contrasts with Kalshi’s 0% maker fees, while Betfair’s liquidity depth may better reflect institutional sentiment on this geopolitical binary.
Methodology
This page compares Who will attend US-Iran signing ceremony? specifically across Polymarket, Kalshi, Betfair Exchange and Smarkets. The live probability is the Polymarket mid; the comparison columns summarise each venue's fee structure, KYC, settlement currency and payment rails. Every CTA routes to Kalshi Alternative, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket settles via UMA Optimistic Oracle on Polygon. A proposer posts the outcome with a bond, the two-hour window runs, then the smart contract pays USDC.
Kalshi settles USD through the CFTC-regulated clearinghouse — the cleanest variant, with heavier KYC. Betfair Exchange settles in account currency (GBP/EUR), net of 2-5% commission. Smarkets follows the same model as Betfair with a lower default 2% commission.
FAQ
- Polymarket vs Kalshi — which is better?
- Depends on your location. Kalshi is CFTC-regulated, US-only with full KYC. Polymarket is global, on-chain, no KYC up to $1,500. Polymarket has ~10x higher liquidity but higher regulatory risk.
- Which platform has the deepest liquidity?
- Polymarket — by a wide margin. Top markets reach $50-500M volume, Kalshi ~$200M cumulative, Betfair similar. Deeper liquidity means your trade moves the quote less.
- What about Smarkets as an alternative?
- Smarkets is a UK betting exchange with a lower default commission (2%) than Betfair. Liquidity on political markets is below Polymarket, comparable to Kalshi. Geo-blocked in many jurisdictions.
- Are all these platforms regulated?
- No. Kalshi is CFTC-regulated (US). Betfair and Smarkets are UK Gambling Commission licensed. Polymarket operates without explicit regulation — a different risk profile than a regulated sportsbook.
- Which platform supports Klarna/SOFORT?
- Directly: none. Polymarket accepts only USDC on Polygon. Kalshi Alternative offers a fiat on-ramp via Klarna or SOFORT (DE/AT/CH) and converts internally to USDC for the Polymarket order book. T+1 processing.
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