The Prediction Markets

Will Israel reopen its embassy in Iran in 2026?

Closes
Jan 1, 2027, in 2 months
Traded
$539K
Venues
Polymarket, Kalshi
Prices updated
2 min ago
Share

What the markets expect

Before 2028 39%

Next is Yes at 3.1%. The venues list this event, but none of their outcomes are matched yet, so prices are shown separately.

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. 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, the oldest 3 min ago. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
Before 2028
39%
Kalshi 15%polled, 3 min agoKalshi 47%polled, 2 min agoBest Yes 16¢ on Kalshi, $100 pays $625 (6.25x)
Kalshi
Contract
Before 2028
Last price
15%
As of
Polled 3 min ago
Buy Yes
16¢
Sell Yes
9¢
$100 on Yes pays
$625 (6.25x)
Volume
$98
Trade this on Kalshi
Kalshi
Contract
Before 2028
Last price
47%
As of
Polled 2 min ago
Buy Yes
56¢
Sell Yes
47¢
$100 on Yes pays
$179 (1.79x)
Volume
$400
Trade this on Kalshi
Yes
3.1%
Polymarket 3.1%polled, 2 min agoBest Yes 4.4¢ on Polymarket, $100 pays $2,273 (22.7x)
Polymarket
Contract
Yes
Last price
3.1%
As of
Polled 2 min ago
Buy Yes
4.4¢
Sell Yes
1.7¢
$100 on Yes pays
$2,273 (22.7x)
Volume
$195K
Trade this on Polymarket
Before 2027
3%
Kalshi 1.2%polled, 3 min agoKalshi 8.5%polled, 2 min agoBest Yes 2.9¢ on Kalshi, $100 pays $3,448 (34.5x)
Kalshi
Contract
Before 2027
Last price
1.2%
As of
Polled 3 min ago
Buy Yes
2.9¢
Sell Yes
1.1¢
$100 on Yes pays
$3,448 (34.5x)
Volume
$241K
Trade this on Kalshi
Kalshi
Contract
Before 2027
Last price
8.5%
As of
Polled 2 min ago
Buy Yes
15¢
Sell Yes
8.1¢
$100 on Yes pays
$667 (6.67x)
Volume
$25K
Trade this on Kalshi

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle
Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: The New York Times

How the odds have moved

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

  • Before 2028
  • Yes
  • Before 2027

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.

Polymarket

Polymarket doesn’t list Before 2028 for this event.

Kalshi

Open on Kalshi ↗

Top of book

Connecting
Best bid
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Spread
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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.

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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 "Will Israel reopen its embassy in Iran in 2026?". Before 2028 leads at 39%. Next is Yes at 3.1%. $539K has traded across 3 outcomes on Kalshi and Polymarket. The market is expected to resolve by Jan 1, 2027.

This market will resolve to "Yes" if the Israeli government announces the reopening/opening of any embassy or consulate in Iran, or if such a reopening/opening is otherwise confirmed, by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". An official announcement made within this market’s timeframe will qualify for a "Yes" resolution regardless of whether an actual embassy or consulate opening subsequently takes place within the timeframe. Any opening of an Israeli embassy or consulate in Iran will qualify regardless of its exact location. Announcements that do not clearly commit to opening an embassy or consulate, such as general diplomatic statements, exploratory comments, or partial/conditional steps, will not count. The resolution source will be official statements from the Government of Israel; however, a consensus of credible reporting will also be used.

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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