Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win) Pick polygram.ink (preferred broker) |
34% | 66% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
34% | 66% | 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 |
|---|---|
| December 31 | 34% |
| September 30 | 26% |
| August 31 | 16% |
| June 30 | 0% |
| June 19 | 0% |
| June 26 | 0% |
| July 31 | 0% |
| July 15 | 0% |
| July 4 | 0% |
| March 13 | 0% |
| March 16 | 0% |
| March 31 | 0% |
| April 30 | 0% |
| May 31 | 0% |
Market context
The public-facing question is whether Mojtaba Khamenei is captured on fresh photo or video before the settlement date. At 0% implied, the market is treating a sighting as a long shot, but that also means any confirmed appearance would be a sharp favourite/underdog swing rather than a slow grind; the consensus is clearly on *No*, and the only real value on *Yes* sits in the tail risk of a tightly managed state-media unveiling.
The historical frame is unusually important here: Reuters reported on 11 April that Mojtaba was still recovering from severe facial and leg injuries and had not had any photo, video or audio recording published since the air attack and his accession, while a source close to his circle said images might be released within one or two months if health and security allowed[11]. That has to be weighed against the broader pattern of prolonged absence: Reuters and other outlets had already noted in March and early April that he was avoiding public appearances and remained out of sight despite official claims that he was in Iran and active[1][3][4]. In handicapper terms, the favourite remains *No* because the default condition is secrecy, injury and security restraint, but the underdog case is not zero if the regime decides a staged, current broadcast is useful.
What traders should watch is any sign of a controlled domestic event, state-media schedule, or official messaging designed to prove continuity. Iranian-linked reporting has previously signalled that a first appearance could be attached to a memorial service or other ceremonial setting, though such claims were unconfirmed[16]. Reuters also quoted an inner-circle source on 11 April saying images could emerge within a one- or two-month window if conditions permitted[11], which puts the practical catalyst in the realm of a tightly choreographed announcement rather than an unscripted public walkabout. If no credible new footage appears by then, the 0% crowd view keeps looking efficient; if a fresh broadcast or photograph does land, the move will come from a low-base shock rather than from gradual repricing.
Methodology
This page reviews Mojtaba Khamenei public appearance 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 Who Will Win, 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.
UK Frequently Asked Questions
- 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.
- 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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