Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
PolyGram Pick polygram.ink |
28% | 72% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open on PolyGram → |
Polymarket polymarket.com |
28% | 72% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open on PolyGram → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open on PolyGram → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open on PolyGram → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open on PolyGram → |
Live odds for Polymarket-based markets come from the Polygon order book. Non-Polymarket venues show attributes only; clicking any row opens the market on PolyGram.
Market context
A U.S. invasion would require a deliberate move from strikes and blockade into ground operations aimed at taking and holding Iranian territory. That is a much higher bar than the action already seen this year, with the conflict so far centring on airstrikes, naval pressure and limited direct engagement rather than a campaign to seize land. The crowd price of 29% reflects that distinction: escalation risk is real, but a full invasion would mean a far larger commitment of troops, logistics and time.
The closest recent comparator is the 2026 Iran war itself, which began with U.S. and Israeli airstrikes in late February and then expanded into a naval blockade and repeated limited strikes rather than an occupation effort. Open-source reporting suggests Washington has kept substantial air and naval assets in theatre, including carriers, bombers, tankers and missile defence systems, but that posture has been framed as deterrence and coercion rather than preparation for a land invasion. Analysts have repeatedly noted the risk of misreading deployments as invasion intent when they may instead support blockade enforcement or strike options.
Traders should watch for any shift from coercive pressure to explicit ground-force planning: mobilisation orders, reserve activations, amphibious deployments, or public language about “holding” territory rather than punishing or deterring Iran. Reuters-cited reporting in recent months has pointed to heavy U.S. force presence and the possibility of strikes, but not to an invasion timetable. Absent a major deterioration in talks or a direct Iranian move that widens the war, the key catalyst would be a formal policy change from limited operations to seizure-and-hold planning.
Methodology
We track Will the U.S. invade Iran before 2027? on the five venues with material liquidity for prediction markets. Live odds come from the Polymarket Polygon order book — the only source that ships real-time data under an open licence. For Kalshi, Betfair and Manifold we list platform attributes (fee, KYC, settlement, payment) instead of fabricated odds, because their APIs use non-comparable contract definitions.
Resolution & payout
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
FAQ
- Is this market available outside the US?
- PolyGram is available in most jurisdictions where Polymarket isn't directly accessible. Polymarket itself is geo-blocked in the US/UK/EU. Always check local regulations.
- 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.
- How fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
- Do I need to KYC for this market?
- Not under $1,500 of lifetime trading volume. Above that threshold, PolyGram triggers a quick verification flow that finishes in minutes.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
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