Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi vs Polymarket) Pick polygram.ink (preferred broker) |
98% | 2% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
98% | 2% | 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 |
|---|---|
| August 31 | 98% |
| August 15 | 96% |
| July 31 | 94% |
| July 19 | 0% |
| July 21 | 0% |
| July 24 | 0% |
Market context
The market assesses whether the United States will publicly announce a halt to offensive military operations against Iran before the end of August 2026. Such an announcement would need to come from the US government or an authorised representative and explicitly communicate cessation, suspension, or ceasefire terms. The 0% implied probability reflects the current absence of diplomatic momentum or military de-escalation signals between Washington and Tehran.
Historical precedent suggests formal US military announcements against specific adversaries remain rare without prior diplomatic breakthroughs. The 2015 Joint Comprehensive Plan of Action represented the closest recent parallel to structured US-Iran military restraint, though that agreement collapsed in 2018. More relevant comparisons exist in US military posture shifts toward other regional actors—typically these follow months of backchannel negotiation before public statements materialise. The Trump administration's 2020 killing of Quds Force commander Qasem Soleimani and subsequent Iranian retaliation established a pattern of tit-for-tat escalation rather than negotiated pauses, a dynamic that has persisted through successive administrations.
Traders monitoring this contract should track statements from the State Department, Pentagon, and White House regarding Iran policy. Any shift in US sanctions architecture, resumption of nuclear negotiations, or multilateral diplomatic initiatives would signal potential movement. Recent reporting from Reuters and AP News indicates no active ceasefire discussions as of early 2025. The market's 0% probability aligns with prediction-market consensus across major platforms, reflecting genuine absence of near-term catalysts for such an announcement within the two-year window.
Methodology
This page reviews US announces halt in Iran offensive operations by 2026? across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Kalshi vs Polymarket, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
FAQ
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- 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.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Kalshi vs Polymarket trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
Trade US announces halt in Iran offensive operations by 2026? on Kalshi vs Polymarket
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