Name: Khamenei out as Supreme Leader of Iran by June 30?
Start: 2025-11-03T19:36:33.617129Z
End: 2026-06-30T00:00:00Z

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This market will resolve to "Yes" if Iran's Supreme Leader, Ali Khamenei, is removed from power for any length of time by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Khamenei will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Khamenei out

Khamenei out as Supreme Leader of Iran by June 30?

This market will resolve to "Yes" if Iran's Supreme leader, Ali Khamenei, is removed from power for any length of time between December 28, 2024, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Khamenei will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Khamenei out as Supreme Leader of Iran in 2025?

This market will resolve to "Yes" if Ali Khamenei ceases to be Supreme Leader of Iran of for any length of time between December 2, 2024, and June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If Khamenei ceases to be Supreme Leader of Iran for any length of time within this market's timeframe, this market will immediately resolve to "Yes". This market will not resolve to "No" until its timeframe expires and Khamenei has remained Supreme Leader for the entire duration without interruption.

The primary resolution source for this market will be official information released by the government of Iran, however, a consensus of credible reporting may be used.

This market will resolve to "Yes" if Ali Khamenei ceases to be Supreme Leader of Iran of for any length of time between June 19, 2025, and July 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If Khamenei ceases to be Supreme Leader of Iran for any length of time within this market's timeframe, this market will immediately resolve to "Yes". This market will not resolve to "No" until its timeframe expires and Khamenei has remained Supreme Leader for the entire duration without interruption.

The primary resolution source for this market will be official information released by the government of Iran, however, a consensus of credible reporting may be used.

Khamenei out as Supreme Leader of Iran by July 31?

This market will resolve to "Yes" if Iran's Supreme Leader, Ali Khamenei, is removed from power for any length of time by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Khamenei will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Khamenei out as Supreme Leader of Iran by December 31, 2026?

This market will resolve to "Yes" if Iran's Supreme Leader, Ali Khamenei, is removed from power for any length of time between this market's creation and the specified date and March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Khamenei will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Supreme Leader of Iran within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Khamenei out as Supreme Leader of Iran by March 31?

This market will resolve to "Yes" if both of the following conditions are met by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".


1. The US initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates between June 18, and December 31, 2025, 11:59 PM ET. 

For the purposes of this market, a "military action" will be considered to be any use of force executed by the US military on Iranian soil, airspace, or maritime territory (e.g. if a weapons depot on Iranian soil is hit by an US missile) that is officially acknowledged by the US government or a consensus of credible reporting. This includes, but is not limited to, airstrikes, naval attacks, or ground invasions. Cyber attacks, sanctions, or diplomatic actions will not count towards the resolution of this market.


2. The Islamic Republic of Iran’s current ruling regime is NOT overthrown, collapsed, or otherwise ceases to govern by December 31, 2025, 11:59 PM ET. 

The Islamic Republic of Iran’s current ruling regime will be considered overthrown if 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.

Note: If the Iranian regime falls - as defined above - prior to a qualifying U.S. military action, this market will immediately resolve to "No". 

Will the Iranian regime survive U.S. military strikes?

This market will resolve to "Yes" if Naim Qassem ceases to be Hezbollah’s secretary-general for any length of time by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

Naim Qassem will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as Hezbollah’s secretary-general within this market's timeframe.

The primary resolution source for this market will be official statements from Hezbollah; however, a consensus of credible reporting will also be used.

Naim Qassem out as Hezbollah’s secretary-general by December 31?

This market will resolve to "Yes" if Donald Trump and Ali Khamenei speak directly to one another between June 26, 7:00 PM ET, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any conversation that occurs directly between Donald Trump and Ali Khamenei will qualify, regardless of whether it is over the phone, videocall, or in person. The conversation must be voice-based, not text-based.

The primary resolution source for this market will be information from the governments of Iran and the United States, however a consensus of credible reporting will also be used.

Trump x Khamenei talk in 2025? 

On June 13, Iranian leaders announced they no longer plan to engage in nuclear talks with the U.S. that were scheduled to take place in Oman on Sunday (see: https://thehill.com/policy/international/5348689-iran-nuclear-deal-talks-suspended/).

This market will resolve to "Yes" if it is confirmed that official nuclear-related negotiations between the United States and Iran resume at any point on by December 31, 2025, at 11:59 PM ET. Otherwise, the market will resolve to "No".

To qualify, the talks must involve official representatives of both governments and focus primarily on nuclear issues, such as uranium enrichment, sanctions relief, IAEA inspections, or the JCPOA. Talks may be direct or mediated, and may occur in person or virtually.

Only the actual resumption of talks will count; announcements that talks have been scheduled to resume will not alone qualify.

Unofficial backchannel communications, general diplomatic meetings not centered on nuclear issues, or one-sided public proposals will not qualify.

The market will resolve based on a consensus of credible reporting.

US x Iran nuclear talks resume by December 31? 

Tehran, the Iranian capital, is experiencing a crisis as a historic drought has led the local water supply to run low. You can read more about that here: https://www.newsweek.com/irans-capital-running-dry-in-historic-water-crisis-10987433.

This market will resolve to “Yes” if the national government of Iran, the government of Tehran Province, or the government of Tehran Municipality, including the Tehran City Council, orders a major evacuation of the city of Tehran due to the ongoing water crisis by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

A major evacuation order is defined as an official government order mandating or instructing a majority of Tehran’s residents to leave the city. The order must explicitly reference the ongoing water shortage or associated infrastructure failure as a primary reason for evacuation to qualify for resolution.

A limited evacuation order affecting only a minority of the residential population of the city of Tehran, or an evacuation order due primarily to reasons other than the ongoing water crisis will not qualify.

The primary resolution source for this market will be information from the Iranian government; however, a consensus of credible reporting will also be used.

Evacuation of Tehran ordered in 2025?

This market will resolve to “Yes” if Miguel Díaz-Canel ceases to be the President of Cuba for any period of time between November 18, 2025 and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement of Miguel Díaz-Canel's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

The resolution source for this market will be the government of Cuba, however a consensus of credible reporting will also suffice.

Miguel Díaz-Canel out as President of Cuba by June 30?

This market will resolve to “Yes” if active regular US military personnel physically enter Iran for combat operations at any point between June 21, 2025, and December 31, 2025, 11:59 PM ET.

US military personnel must physically enter the terrestrial territory of Iran to qualify. Entering Iran's maritime or aerial territory will not count.

High ranking US service members entering Iran for diplomatic purposes (and their accompanying entourage), military contractors, military advisors, and special operation forces will not qualify.

The resolution source will be a consensus of credible reporting.

US forces in Iran in 2025?

This market will resolve to "Yes" if Pakistan’s Prime Minister, Shehbaz Sharif, is removed from power for any length of time between January 1 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Prime Minister Shehbaz Sharif will be considered removed from power if he announces his resignation, is dismissed, detained, disqualified, or otherwise loses his position or is prevented from fulfilling his duties as Prime Minister of Pakistan within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Shehbaz Sharif out in 2025?

This market will resolve to "Yes" if Joseph Aoun ceases to be President of Lebanon for any length of time by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

Joseph Aoun will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as President of Lebanon within this market's timeframe.

The primary resolution source for this market will be information from the government of Lebanon; however, a consensus of credible reporting will also be used.

Joseph Aoun out as President of Lebanon by December 31, 2025?

This market will resolve to "Yes" if either Israel initiates a drone, missile, or air strike on Iranian soil or any official Iranian embassy or consulate, or Iran initiates a drone, missile, or air strike on Israeli soil or any official Israeli embassy or consulate, by 11:59 PM ET on the listed date. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones or missiles (including cruise or ballistic missiles) launched by Israeli or Iranian military forces that impact the other party’s ground territory or any official embassy or consulate (e.g., if a weapons depot on Iranian soil is hit by an Israeli missile, or an Israeli air base is hit by an Iranian drone, this market will resolve to "Yes") that is officially acknowledged by the relevant government or a consensus of credible reporting.

Missiles or drones which are intercepted and surface-to-air missile strikes will not be sufficient for a "Yes" resolution regardless of whether they land on the opposing party’s territory or cause damage.

Israel x Iran ceasefire broken by March 31, 2026?

This market will resolve according to the first individual that ceases to occupy their listed office.

An announcement of a resignation/removal, or a scheduled departure from office due to the outcome of an election will not alone qualify.

Only permanent removal from office will qualify for resolution. Temporary removals, such as impeachment suspensions (e.g., Yoon Suk Yeol's recent impeachment), temporary invocation of the 25th Amendment, or any similar provisional transfers of power, will not count.

Additionally, if an individual continues in a caretaker or interim role (e.g., Gabriel Attal remaining as caretaker Prime Minister of France), they will not be considered to have ceased occupying the office for the purposes of this market.

If this criteria has not been met for any of the listed individuals by December 31, 2026, 11:59 PM ET, this market will resolve to “None before 2027”. No additional individuals will be added to this market after its creation.

The resolution source for this market will be a consensus of credible reporting.

Will Nicolás Maduro be the next leader out before 2027?

This market will resolve to "Yes" if Abdul-Malik al-Houthi, current leader of the Yemeni Houthis, is removed from power for any length of time between Sepember 1, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Abdul-Malik will be considered to be removed from power if he resigns, is detained, is officially dismissed, or otherwise loses his position or is prevented from fulfilling his duties as leader of the Rapid Support Forces (RSF) within this market's timeframe.

The primary resolution source for this market will be a consensus of credible reporting.

Abdul-Malik out as leader of Houthis by December 31?

This market will resolve to “No” if any of the following conditions are met by December 31, 2025, 11:59 ET:

- Trump out as US President
- Zelenskyy out as Ukraine President
- Nicolás Maduro out as Venezuela's President
- Netanyahu out as Prime Minister of Israel
- Khamenei out as Supreme Leader of Iran
- Putin out as President of Russia
- Starmer out as Prime Minister of the United Kingdom

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
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Khamenei out as Supreme Leader of Iran by June 30?

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Khamenei out as Supreme Leader of Iran by June 30?

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Khamenei out as Supreme Leader of Iran by June 30?

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Khamenei out as Supreme Leader of Iran by June 30?

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