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Will Iran become a democracy in 2026?

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
Yes 3.8¢

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Thu, 17 Sep 2026 04:54:14 UTC.

Your call

The market says 3.8%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

3.8%

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The record

What this market has cost every day since 2 March 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 MarAprMayJunJulAugSept Yes 3

Over this window Yes went from 16 to 3, a move of 13 points away from happening.

Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
The Economist
Contract terms
Kalshi product certification (PDF)
Closes
Mon, 01 Mar 2027 14:59:00 UTC
Resolution
If Iran's score in the Economist Intelligence Unit's Democracy Index is at least 6.00 as published in the EIU Democracy Index 2026 report, then the market resolves to Yes.
Ticker
KXIRANDEMOCRACY-27MAR01

Also priced right now