Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
22% | 78% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
22% | 78% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | View on Polymarket → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | View on Polymarket → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | View on Polymarket → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | View on Polymarket → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| July 31 | 22% |
| June 26 | 0% |
| June 30 | 0% |
Market context
The United States and Iran formally signed a 14-point memorandum of understanding on 19 June 2026 in Switzerland, halting immediate military operations and establishing a 60-day window to negotiate a final peace deal. This agreement mandates a permanent ceasefire across all fronts, including Lebanon, and commits to reopening the Strait of Hormuz while lifting US sanctions on Iran contingent on the final agreement[1][3]. The crowd-implied probability of the US terminating these negotiations sits at 0%, reflecting a market consensus that the political momentum for de-escalation is too strong to reverse before the July 2026 deadline.
Historical precedents suggest that once a high-level interim framework is signed by both parties, unilateral withdrawal becomes exceptionally rare unless a fundamental breach of the ceasefire occurs. The 2015 Iran nuclear deal, despite subsequent US withdrawal, remained intact for years after its initial signing, demonstrating the durability of such accords once formalised[5]. Similarly, the 2020 US-Iran ceasefire in Lebanon held for months despite regional tensions, indicating that the current MOU’s binding nature and the involvement of mediators like Pakistan and Qatar create significant institutional barriers to termination[5].
Traders should monitor the scheduled 60-day negotiation timeline, which begins immediately after the formal signing, and watch for any official US statements regarding the progress of talks in Switzerland[1]. A recent CNN report confirms that the US has released the full text of the agreement, signalling transparency and a commitment to the process[1]. The primary catalyst for a shift in probability would be an explicit announcement from the White House or an authorised representative declaring the termination of participation, a scenario currently deemed negligible by analysts and sportsbook lines alike[2][3].
Methodology
We track US announces withdrawal from MOU negotiations by 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
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?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- 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 does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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.
- 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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