The Prediction Markets

Iran leader end of 2026?

Closes
Dec 31, 2026, in 2 months
Traded
$40.5M
Venues
Polymarket
Prices updated
just now
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What the markets expect

Mojtaba Khamenei 85.8%

Next is No Head of State at 4.3%. Only Polymarket lists this market, so there is no second price to compare.

Mojtaba Khamenei 85.8%No Head of State 4.3%Reza Pahlavi 3.2%Alireza Arafi 2.1%Ahmad Vahidi 0.4%25 others 4.2%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue. Ages are as of when this page was built.

  • Polymarket
Mojtaba Khamenei
85.8%
Polymarket 86.3%polled, 48s agoBest Yes 86.6¢ on Polymarket, $100 pays $115 (1.15x)
Polymarket
Contract
Mojtaba Khamenei
Last price
86.3%
As of
Polled just now
Buy Yes
86.6¢
Sell Yes
85.9¢
$100 on Yes pays
$115 (1.15x)
Volume
$6.9M
Trade this on Polymarket
No Head of State
4.3%
Polymarket 4.4%polled, 48s agoBest Yes 4.6¢ on Polymarket, $100 pays $2,174 (21.7x)
Polymarket
Contract
No Head of State
Last price
4.4%
As of
Polled just now
Buy Yes
4.6¢
Sell Yes
4.1¢
$100 on Yes pays
$2,174 (21.7x)
Volume
$1.2M
Trade this on Polymarket
Reza Pahlavi
3.2%
Polymarket 3.3%polled, 48s agoBest Yes 3.5¢ on Polymarket, $100 pays $2,857 (28.6x)
Polymarket
Contract
Reza Pahlavi
Last price
3.3%
As of
Polled just now
Buy Yes
3.5¢
Sell Yes
3¢
$100 on Yes pays
$2,857 (28.6x)
Volume
$710K
Trade this on Polymarket
Alireza Arafi
2.1%
Polymarket 2.1%polled, 48s agoBest Yes 2.2¢ on Polymarket, $100 pays $4,545 (45.5x)
Polymarket
Contract
Alireza Arafi
Last price
2.1%
As of
Polled just now
Buy Yes
2.2¢
Sell Yes
2¢
$100 on Yes pays
$4,545 (45.5x)
Volume
$2.3M
Trade this on Polymarket
Ahmad Vahidi
0.4%
Polymarket 0.4%polled, 48s agoBest Yes 0.6¢ on Polymarket, $100 pays $16,667 (167x)
Polymarket
Contract
Ahmad Vahidi
Last price
0.4%
As of
Polled just now
Buy Yes
0.6¢
Sell Yes
0.2¢
$100 on Yes pays
$16,667 (167x)
Volume
$786K
Trade this on Polymarket
Alireza Arafi
0.4%
Polymarket 0.4%polled, 48s agoBest Yes 0.5¢ on Polymarket, $100 pays $20,000 (200x)
Polymarket
Contract
Abbas Araghchi
Last price
0.4%
As of
Polled just now
Buy Yes
0.5¢
Sell Yes
0.3¢
$100 on Yes pays
$20,000 (200x)
Volume
$839K
Trade this on Polymarket
Hassan Rouhani
0.4%
Polymarket 0.5%polled, 48s agoBest Yes 0.5¢ on Polymarket, $100 pays $20,000 (200x)
Polymarket
Contract
Hassan Rouhani
Last price
0.5%
As of
Polled just now
Buy Yes
0.5¢
Sell Yes
0.4¢
$100 on Yes pays
$20,000 (200x)
Volume
$953K
Trade this on Polymarket
Hassan Khomeini
0.3%
Polymarket 0.4%polled, 48s agoBest Yes 0.4¢ on Polymarket, $100 pays $25,000 (250x)
Polymarket
Contract
Hassan Khomeini
Last price
0.4%
As of
Polled just now
Buy Yes
0.4¢
Sell Yes
0.3¢
$100 on Yes pays
$25,000 (250x)
Volume
$1.5M
Trade this on Polymarket
Masoud Pezeshkian
0.3%
Polymarket 0.3%polled, 48s agoBest Yes 0.3¢ on Polymarket, $100 pays $33,333 (333x)
Polymarket
Contract
Masoud Pezeshkian
Last price
0.3%
As of
Polled just now
Buy Yes
0.3¢
Sell Yes
0.2¢
$100 on Yes pays
$33,333 (333x)
Volume
$1.0M
Trade this on Polymarket
Mohammad-Bagher Ghalibaf
0.3%
Polymarket 0.3%polled, 48s agoBest Yes 0.4¢ on Polymarket, $100 pays $25,000 (250x)
Polymarket
Contract
Mohammad-Bagher Ghalibaf
Last price
0.3%
As of
Polled just now
Buy Yes
0.4¢
Sell Yes
0.2¢
$100 on Yes pays
$25,000 (250x)
Volume
$928K
Trade this on Polymarket
Show 20 more outcomes
Mahmoud Ahmadinejad
0.2%
Polymarket 0.2%polled, 48s agoBest Yes 0.3¢ on Polymarket, $100 pays $33,333 (333x)
Polymarket
Contract
Mahmoud Ahmadinejad
Last price
0.2%
As of
Polled just now
Buy Yes
0.3¢
Sell Yes
0.1¢
$100 on Yes pays
$33,333 (333x)
Volume
$1.1M
Trade this on Polymarket
Maryam Rajavi
0.2%
Polymarket 0.2%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Maryam Rajavi
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$907K
Trade this on Polymarket
Mojtaba Khamenei
0.2%
Polymarket 0.2%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Mohammad Khatami
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$5.2M
Trade this on Polymarket
Muhammad Mirbaqiri
0.2%
Polymarket 0.2%polled, 48s agoBest Yes 0.3¢ on Polymarket, $100 pays $33,333 (333x)
Polymarket
Contract
Muhammad Mirbaqiri
Last price
0.2%
As of
Polled just now
Buy Yes
0.3¢
Sell Yes
0.1¢
$100 on Yes pays
$33,333 (333x)
Volume
$476K
Trade this on Polymarket
Sadegh Larijani
0.2%
Polymarket 0.2%polled, 48s agoBest Yes 0.3¢ on Polymarket, $100 pays $33,333 (333x)
Polymarket
Contract
Sadegh Larijani
Last price
0.2%
As of
Polled just now
Buy Yes
0.3¢
Sell Yes
0.1¢
$100 on Yes pays
$33,333 (333x)
Volume
$590K
Trade this on Polymarket
Ahmad Hosseini Khorasani
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Ahmad Hosseini Khorasani
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$333K
Trade this on Polymarket
Ali Asghar Hejazi
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Ali Asghar Hejazi
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$393K
Trade this on Polymarket
Ali Motahari
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Ali Motahari
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$860K
Trade this on Polymarket
Gholam-Ali Haddad-Adel
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Gholam-Ali Haddad-Adel
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$443K
Trade this on Polymarket
Hassan Shariatmadari
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Hassan Shariatmadari
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$3.2M
Trade this on Polymarket
Maryam Rajavi
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Massoud Rajavi
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$437K
Trade this on Polymarket
Mohsen Araki
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Mohsen Araki
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$325K
Trade this on Polymarket
Mostafa Pourmohammadi
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Mostafa Pourmohammadi
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$3.4M
Trade this on Polymarket
Mustafa Hijri
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Mustafa Hijri
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$239K
Trade this on Polymarket
Nasir Hosseini
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Nasir Hosseini
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$301K
Trade this on Polymarket
Navid Shomali
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Navid Shomali
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$260K
Trade this on Polymarket
Reza Pirzadeh
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Reza Pirzadeh
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$188K
Trade this on Polymarket
Sadegh Mahsouli
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Sadegh Mahsouli
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$276K
Trade this on Polymarket
Saeed Jalili
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Saeed Jalili
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$425K
Trade this on Polymarket
Seyed Hossein Mousavian
0.1%
Polymarket 0.1%polled, 48s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Seyed Hossein Mousavian
Last price
0.1%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
—
$100 on Yes pays
$50,000 (500x)
Volume
$3.7M
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • Mojtaba Khamenei
  • No Head of State
  • Reza Pahlavi

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

$
Buy

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.04 × price × (1 − price) per share (politics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Iran leader end of 2026?". Mojtaba Khamenei leads at 85.8%. Next is No Head of State at 4.3%. $40.5M has traded across 30 outcomes on Polymarket. The market is expected to resolve by Dec 31, 2026.

This market will resolve to the individual who de facto holds and exercises the powers of the head of state of the Islamic Republic of Iran on December 31, 2026 at 12:00 PM ET. For the purposes of this market, “de facto holds” refers to the individual who exercises primary governing authority over the Iranian state at that time, 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. If more than one individual claims to be head of state, this market will resolve to the individual who demonstrably exercises primary governing control within Iran’s territory at the specified time. 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, nomination without effective authority, or expired prior service will not qualify. If no individual exercises effective governing control at the specified time, this market will resolve to “No Head of State”. The primary resolution source will be a consensus of credible reporting assessing who exercises effective governing authority at the specified time.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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