Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Review UK) Pick polygram.ink (preferred broker) |
75% | 25% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
75% | 25% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Trade this market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Trade this market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Trade this market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Trade this market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Venezuela | 75% |
| Lebanon | 13% |
| Saudi Arabia | 10% |
| Indonesia | 9% |
| Syria | 7% |
| Tunisia | 7% |
| Pakistan | 6% |
| Kuwait | 6% |
| Bangladesh | 5% |
| Iran | 5% |
| Cuba | 4% |
| Afghanistan | 4% |
| Iraq | 4% |
| Qatar | 4% |
| Malaysia | 4% |
| North Korea | 3% |
Market context
Syria's government would need to formally establish diplomatic relations with Israel and issue official recognition as a state between now and the end of 2026. This differs materially from rhetorical shifts or backchannels; the market requires documented state-level acknowledgement through channels like the foreign ministry or UN representation. The 3% crowd probability reflects the substantial structural barriers: Syria remains fractured between Assad's government, Turkish-occupied zones, and rebel-held territory, whilst the Assad regime has historically positioned itself as a frontline state against Israeli interests.
Historical precedent matters here for calibration. The Abraham Accords (2020) saw UAE and Bahrain recognise Israel without prior conflict resolution, suggesting diplomatic recognition can occur independently of territorial disputes. However, Syria's case differs fundamentally—the country experienced direct military confrontation with Israel, hosts Iranian military assets, and faces ongoing territorial fragmentation that complicates any unified government position. Morocco and Sudan's recognition came amid specific bilateral negotiations with the US; Syria lacks comparable leverage or incentive structures currently visible.
Traders monitoring this market should track Assad regime stability, any US-Syria diplomatic thaw, and statements from Syria's foreign ministry or UN delegation. Recent reporting from Reuters and AFP on Syria's international rehabilitation efforts would signal shifting conditions. Programmatically, this market works best as a conditional order tied to broader Middle East normalisation indices—recognising Syria's recognition probability correlates with regional de-escalation rather than standing alone. The settlement window extends through 2026, allowing time for geopolitical shifts, but the baseline remains constrained by Syria's fractured state apparatus and entrenched regional alignments.
Methodology
This page reviews Which countries will recognize Israel by December 31? across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Polymarket Review UK, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
UK Frequently Asked Questions
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Polymarket Review UK. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
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