Binary · Active · Polymarket

Will the Iranian regime fall before 2027?

This event concerns whether Iran’s Islamic Republic, the country’s current ruling regime, will be overthrown, collapse, or otherwise cease to govern by the end of 2026. Resolution depends on broad consensus of reporting about whether the regime’s core structures continue to govern.

Parent Event Will the Iranian Regime Fall Before 2027?. Prices are research references. They are not executable quotes.

Exchange

Reference

6.5¢

Yes

24h move

-1.0 pp

Closes

Jan 01, 2027, 00:00 UTC

Freshness

Fresh

Quotes refresh on a bounded schedule. Contract terms update only when non-price rules change. Compare source time vs PMI observed time before acting.

01 / Market

Market

Prices are delayed snapshots. They are not executable quotes.

Quote · Yes (derived)

Fresh snapshot

Bid

6.0¢

Ask

7.0¢

Mid

6.5¢

(bid+ask)/2

Last / ref

6.5¢

Midpoint

Spread
1.0¢
24h move
-1.0 pp
Closes
Jan 01, 2027, 00:00 UTC
Observed
Sep 17, 2026, 00:15 UTC
Liquidity
$617K
Market Activity

Activity (Polymarket units)

Bid size
512979.91
Ask size
24809.98
Vol 24h
113K shares
Vol total
26M shares
Open interest
Not available
Liquidity
$617K
Min order
5 shares
Tick
1.0¢

Platform units are not comparable across exchanges.

02 / History

History

03 / Research

Research

  • Reuters · Aug 28, 2026, 05:04 UTC · Market-linked

    Mojtaba Khamenei remains publicly absent as questions grow over Iran’s wartime leadership

    Reuters reports that Supreme Leader Mojtaba Khamenei has remained publicly absent for six months after reportedly suffering serious wartime injuries. The prolonged absence raises questions about Iran’s leadership capacity as the country confronts major military and economic decisions, but does not establish that the Islamic Republic has ceased governing.

    Open source
  • Iran International · Aug 11, 2026, 14:43 UTC · Market-linked

    Mojtaba Khamenei formalizes a broad wartime military reshuffle, consolidating command under IRGC veterans

    Supreme Leader Mojtaba Khamenei issued decrees placing veteran Revolutionary Guard and intelligence officials in senior military and security posts, including Ahmad Vahidi as IRGC commander, Ali Abdollahi as armed-forces chief of staff, and Hossein Taeb as Basij chief. The appointments also advance the centralization of wartime command and emphasize domestic surveillance and repression.

    Open source

04 / Resolution

Resolution

Key Rules

Verified against exchange rules

Last updated Aug 28, 2026, 00:07 UTC

Full Exchange Rules

Exchange rules (source text)

Preserved from the exchange · distinct from PMI interpretation

This market will resolve to "Yes" if the Islamic Republic of Iran’s current ruling regime is overthrown, collapsed, or otherwise ceases to govern by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

This requires a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.

Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.

Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran. 

The resolution source will be a consensus of credible reporting.

05 / Changes

Changes and Sources

What changed

Semantic versions only. Field diffs ≠ legal materiality.

current v2 · 2 known

  1. v2decision-relevant (rules/dates/outcomes)Datesobs Aug 28, 2026, 00:07 UTC

    Review both clauses. PMI does not classify legal materiality from string inequality.

    Before

    This market will resolve to "Yes" if the Islamic Republic of Iran’s current ruling regime is overthrown, collapsed, or otherwise ceases to govern by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.
    
    This requires a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.
    
    Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.
    
    Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran. 
    
    The resolution source will be a consensus of credible reporting.

    After

    This market will resolve to "Yes" if the Islamic Republic of Iran’s current ruling regime is overthrown, collapsed, or otherwise ceases to govern by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.
    
    This requires a broad consensus of reporting indicating that core structures of the Islamic Republic (e.g. the office of the Supreme Leader, the Guardian Council, IRGC control under clerical authority) have been dissolved, incapacitated, or replaced by a fundamentally different governing system or otherwise lost de facto power over a majority of the population of Iran. This could occur via revolution, civil war, military coup, or voluntary abdication, but only qualifies if the Islamic Republic no longer exercises sovereign power.
    
    Routine political events such as elections, reforms, or leadership succession do not qualify. Internal coups or power shifts that preserve the Islamic Republic’s core structures also do not qualify. Only a clear break in continuity—such as a new provisional government, revolutionary council, or constitution replacing the Islamic Republic will qualify.
    
    Partial loss of territory or challenges from rebel or exile groups will not qualify unless the Islamic Republic no longer administers the majority of the Iranian population within Iran. 
    
    The resolution source will be a consensus of credible reporting.
    Status
    Active Active
    Closes
    Dec 31, 2026, 00:00 Jan 01, 2027, 00:00 · UTC
    Title
    Will the Iranian regime fall before 2027?Will the Iranian regime fall before 2027?

Provenance

Source time and PMI observation are separate.

Source timestamp
Unknown from source
Version observation
Aug 28, 2026, 00:07 UTC
Version ingestion
Aug 28, 2026, 00:07 UTC
Latest observation
Sep 17, 2026, 00:07 UTC
Latest source timestamp
Unknown from source
Response generated
Sep 17, 2026, 00:26 UTC
Source parser
v1
Observed
Sep 17, 2026, 00:15 UTC
Collection
Scheduled Collection
Source time
Sep 17, 2026, 00:15 UTC
Adapter
1

Disclaimer

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Structured terms are verified extracts, not the exchange's own rules. Prices are snapshots with an explicit basis and are not executable. 24h movement is a snapshot comparison, not a trading signal. Liquidity is reported per platform and is never pooled across venues.