Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Today) Pick polygram.ink (preferred broker) |
83% | 17% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
83% | 17% | 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 |
|---|---|
| Venezuela | 83% |
| Lebanon | 13% |
| Saudi Arabia | 10% |
| Indonesia | 9% |
| Syria | 7% |
| Tunisia | 7% |
| Pakistan | 6% |
| Kuwait | 6% |
| Bangladesh | 5% |
| Iran | 5% |
| Cuba | 4% |
| Afghanistan | 4% |
| Iraq | 4% |
| Qatar | 4% |
| Malaysia | 4% |
| North Korea | 3% |
Market context
Syria's government remains in a state of profound transition following Bashar al-Assad's departure in December 2024, with the new administration under HTS (Hayat Tahrir al-Sham) leadership navigating international legitimacy whilst managing domestic reconstruction. The question of Israeli recognition sits at the intersection of Syria's Arab League membership, regional geopolitical positioning, and the incoming government's need to consolidate both domestic and international credibility. No substantive shift in Syria's official stance towards Israel has emerged in the past 48 hours, though the broader context of Syrian state reorganisation creates an unusual window of unpredictability.
Historical precedent suggests Syrian recognition remains an exceptionally low-probability event. Of the Arab states, only Egypt (1979) and Jordan (1994) have formalised diplomatic relations with Israel, both following major military conflicts and under specific strategic circumstances. Syria's historical position as a frontline state, its role in Palestinian and Lebanese affairs, and the centrality of the Golan Heights dispute to Syrian national identity have consistently precluded recognition across multiple regimes. The new Syrian administration, despite its Islamist roots, has signalled pragmatism on some international issues but has not indicated any recalibration on Israel.
Traders should monitor Syria's Arab League reintegration process, any statements from the new government on Palestinian statehood, and potential mediation efforts from regional powers including Turkey and Gulf states. The timeline to end-2026 allows roughly two years for either dramatic geopolitical shifts or incremental policy evolution, though the structural barriers to recognition remain formidable.
Methodology
This page reviews Which countries will recognize Israel by December 31? 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 Prediction Today, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
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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