Live Iran 2026 conflict and ceasefire odds, leadership-succession probability, and nuclear-deal markets tracked across prediction markets.
Iran is one of the most heavily traded sovereign entities in geopolitical prediction markets, a function of its central position in Middle East conflict, nuclear, and sanctions outcomes. The Islamic Republic, a theocratic state of roughly 92 million people headed by Supreme Leader Ali Khamenei since 1989 with Masoud Pezeshkian serving as president, anchors contracts on US-Iran conflict, leadership succession, and the nuclear-program negotiation. As of June 5, 2026 the board consistently treats US-Iran military and ceasefire questions as the country's highest-volume contracts, with the durable swing factors being the sanctions regime, the uranium-enrichment posture, and the diplomatic calendar rather than any single day's headline. The live odds for every contract sit on the board above; the analysis below covers what those numbers mean.
Iran's leadership is structured around the office of Supreme Leader, a lifetime position held by Ali Khamenei since 1989, sitting above an elected president, Masoud Pezeshkian. Because the Supreme Leader is chosen by the Assembly of Experts rather than by direct vote, succession markets price the structural question of who follows Khamenei, with Mojtaba Khamenei among the named figures on the board. Reza Pahlavi appears in separate contracts tied to a potential change in the form of government. The live board carries the current cross-platform spread on each of these; the durable read is that traders consistently price continuity of the existing system far above transition, and the swing factors are the incumbent's age and the factional alignment inside the clerical establishment rather than any single poll.
Iran's geopolitical position makes conflict the deepest market category on the board. Contracts cover a US strike or US forces entering Iran, the continuation of the Iran ceasefire, and whether the broader Iran-Israel-US confrontation ends within a set window. These trade because of Iran's regional rivalries, its sanctioned status, and the resolution structure tied to concrete events such as a declared ceasefire or a formal end to military operations. The durable drivers are the sanctions regime, the military posture of Iran and its named counterparties, and the diplomatic timeline rather than any single day's price. Point to the live board above for where the conflict-tier contracts sit today; the structural read is that these are the country's highest-volume questions.
Iran is heavily traded because it sits at the intersection of conflict risk, nuclear nonproliferation, and an active sanctions regime, a combination few other sovereign entities carry. The nuclear file alone anchors several contracts: whether the United States agrees to a new Iranian nuclear deal, whether Iran surrenders its enriched-uranium stockpile, and ceasefire-extension questions with explicit deadlines through 2026. The durable swing factors are the enrichment posture, the inspection and negotiation calendar, and the status of US-Iran diplomatic meetings. Forward catalysts carry real dates, including the dated peace-deal and ceasefire-extension contracts running through December 31, 2026. The live board above shows where every one of these prices sits today.
Beyond conflict, Iran anchors a layer of economic and policy contracts driven by its position under a long-standing US and international sanctions regime. As a major oil producer, the country's export posture, currency stability, and any sanctions relief tied to a nuclear agreement feed directly into how traders price the broader Iran complex. These questions resolve on concrete policy actions, such as a formal sanctions adjustment or an announced agreement, which is why they move alongside the nuclear file rather than independently. The live board above carries the current prices for the policy-linked contracts; the durable read is that sanctions status and the negotiation calendar are the structural drivers.
As of June 5, 2026, the board prices a US invasion of Iran before 2027 at roughly 16 percent and an Iranian leadership change by June 30 in the low single digits, with ceasefire-continuation contracts near certainty. Exact cross-platform prices for every contract are on the live board above.
Iran's conflict and nuclear contracts trade with a deep book on the larger order-flow platform and tighter spreads on the regulated exchange. Several questions list on both, so the live board above shows the cross-platform spread where a market exists on each.
Coverage spans US-Iran conflict and military-operation contracts, ceasefire and peace-deal questions, leadership-change and succession markets, nuclear-deal and uranium-stockpile contracts, and event markets such as airspace closure, aggregated across major prediction-market platforms.
Ali Khamenei has been Supreme Leader of Iran since 1989, the lifetime position chosen by the Assembly of Experts. Masoud Pezeshkian serves as the elected president. Succession beyond Khamenei is itself a traded market on the board above.
Iran's central position in Middle East conflict and nonproliferation is the biggest durable driver. With roughly 92 million people and an active sanctions regime, its enrichment posture and diplomatic calendar move the conflict and nuclear contracts more than any single headline.