Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Today) Pick polygram.ink (preferred broker) |
84% | 16% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
84% | 16% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| August 17 | 84% |
| August 25 | 13% |
| August 31 | 11% |
| August 19 | 9% |
| August 20 | 9% |
| August 28 | 9% |
| August 21 | 8% |
| August 18 | 7% |
| August 22 | 7% |
| August 23 | 7% |
| August 29 | 7% |
| August 26 | 6% |
| August 30 | 6% |
| August 27 | 5% |
| August 24 | 4% |
| August 16 | 1% |
| August 2 | 0% |
| August 3 | 0% |
| August 4 | 0% |
| August 5 | 0% |
| August 6 | 0% |
| August 7 | 0% |
| August 8 | 0% |
| August 9 | 0% |
| August 10 | 0% |
| August 11 | 0% |
| August 12 | 0% |
| August 13 | 0% |
| August 14 | 0% |
| August 15 | 0% |
Market context
Iran's military posture towards Arab states remains constrained by economic pressures and strategic calculations rather than imminent operational readiness. The 0% probability reflects current market assessment that direct Iranian strikes on Arab territories through air or missile attacks are not anticipated before end-August 2026, despite periodic regional tensions and proxy activities that fall outside this market's qualifying criteria.
Historical precedent suggests Iran reserves direct strikes for specific escalatory moments rather than routine operations. The 2019 ballistic missile strikes on Iraqi bases followed the US killing of Qasem Soleimani; the April 2024 drone and missile barrage against Israel occurred after Israeli strikes on Iranian consular facilities in Damascus. These actions were responses to defined triggers rather than unprovoked initiatives. Iran's primary regional influence operates through non-state actors in Lebanon, Iraq, Syria and Yemen—mechanisms that avoid the direct attribution and international response that qualifying military actions would trigger.
Traders monitoring this market should track developments around US sanctions enforcement, Israeli military operations in the region, and any major escalation involving Iranian nuclear programme negotiations. Recent reporting from Reuters and regional security analysts indicates Iran's conventional military capacity remains degraded by sanctions, whilst leadership appears focused on nuclear diplomacy rather than conventional military expansion. The settlement window extends through summer 2026, capturing a period when regional tensions typically fluctuate with Israeli-Palestinian dynamics and Gulf security arrangements, but the structural disincentives for direct Iranian strikes on Arab states remain substantial.
Methodology
We track Will Iran target a Arab country on 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
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.
UK Frequently Asked Questions
- 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 Prediction Today. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
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