Resolution criteria on PolyGram: This market will resolve to “Yes” if Reza Pahlavi de facto holds and exercises the powers of the head of state of Iran by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No.” Reza Pahlavi will be considered to hold power if he exercises primary governing authority over the Iranian state during the specified timeframe, including effective control over the armed forces, national institutions, and core executive decision-making, regardless of formal title, constitutional designation, or international recognition. Formal appointment, recognition by the United Nations, or recognition by foreign governments is not required.
Real-money prediction markets aggregate live odds from thousands of traders, surfacing a sharper probability than any single forecast. Current odds favour the NO side at 7%, making this a high-confidence market with 223 days to resolution, giving the order book ample time to absorb new information, backed by $101K of resting liquidity.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
Market outcomes
| Will Reza Pahlavi lead Iran in 2026? | 7% YES | 93% NO |
The event is whether Reza Pahlavi ends 2026 as the de facto head of state in Iran, with primary governing authority over the state rather than a symbolic role or external recognition. At a 7% implied probability, Polymarket’s order book is pricing this as a low-probability regime-change outcome, with the current price reflecting traders’ assessment of how hard it is for an exile figure to convert opposition visibility into effective control of Tehran, the armed forces and core institutions before year-end.
The historical frame is thin but instructive: Iranian transitions have usually been driven by elite defections, security-force fragmentation or a negotiated collapse of authority, not by exile leadership alone. Pahlavi has repeatedly urged a transitional government, defections and a separation of religion from state, but none of that is equivalent to state power. Markets should therefore read this as a binary on regime collapse and succession mechanics, not on opposition prominence. Comparable cases suggest that without a rapid break inside the security apparatus, the probability of an externally based leader exercising head-of-state powers remains low.
For catalysts, watch for signs of regime fracture inside the IRGC, army or civilian bureaucracy, any explicit transitional framework endorsed by inside-Iran figures, and whether Pahlavi can credibly assemble a governing coalition rather than a protest platform. His recent public activity, including statements on his website and interviews such as Politico’s 14 May 2026 piece, matters mainly insofar as it signals coordination, defections or a timetable for change. On Polymarket, the implied probability is being formed today by limit orders and market depth; sudden news on protests, strikes, leadership removals or military defections could move that price quickly.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.
For this market, the resolution date is 31 December 2026. A UMA proposer can submit the outcome from that moment; the two-hour dispute window closes at , and assuming no counter-claim is staked, winning USDC clears to trader balances by approximately .
If a dispute is filed inside the two-hour window, the outcome escalates to UMA token-holder voting, which extends settlement by roughly 48 hours. This particular market has no public resolution feed listed; disputes here are more likely if the underlying outcome is subject to interpretation, in which case the UMA token-vote arbitrates the wording of the original market question.
Withdrawal pace from your PolyGram balance is non-custodial and immediate — once payout clears, funds are yours to send to any Polygon wallet you control. Funds clear directly to your in-app USDC balance on Polygon. Withdrawals are non-custodial: send to any address you control, typical confirmation under 30 seconds, gas paid in USDC if you'd rather not hold MATIC.
Minimum order size on PolyGram is $1.00, with no maximum cap aside from available book depth. Orders route into Polymarket's on-chain CLOB on Polygon; the matching engine pairs YES buyers with NO buyers atomically — every executed trade is settled on-chain with no counterparty risk. For "Will Reza Pahlavi lead Iran in 2026?", order-book behaviour for this market reflects the underlying volatility of the outcome — patient limit orders typically fill closer to mid than market orders.
The trade ticket includes a slippage box (default 2%, configurable 0.1%-10%) that caps the worst-case entry price. At the current YES price of 7%, a $500 stake on YES buys roughly 7,143 shares; if YES resolves true those shares pay out at $1.00 each (a $7,143 gross payout, or +$6,643 profit). If NO resolves, the shares are worth $0. Slippage tolerance and resting-order depth determine the actual fill.
PolyGram charges 0% house edge — no spread mark-up, no rake on winnings, no withdrawal fees beyond network gas. The platform earns exclusively from optional features (copy-trade boosts, advanced order types, the yield vault on idle USDC); the trading surface itself is at-cost.
The mechanics for trading "Will Reza Pahlavi lead Iran in 2026?" are the same as any other PolyGram event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
$5.9M in lifetime turnover and $101K of resting liquidity puts this market in the top 2% by volume for iran contracts on PolyGram. Order-book depth is exceptional — among the deepest order books in the category.
Last 24 hours alone saw $2.4M in turnover, well above the lifetime daily-average for this market — a clear sign of news catalysing trader activity right now.
The market has been open for 3 months — the price has had time to stabilise as new information arrived.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
As of today, traders on Polymarket price this outcome at 7%. The number updates continuously as the order book clears. PolyGram mirrors the same live odds with locale-aware formatting and USDC settlement.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.
This prediction market is scheduled to close on 31 December 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose. For "Will Reza Pahlavi lead Iran in 2026?", the considerations above apply directly — Trade size should reflect the binary nature of the payoff: even a 70% probability event resolves NO 30% of the time, so any single position can lose 100% of staked capital.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
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