🏛️
Politics OPEN

Who will be the next Supreme Leader of Iran? (death settles to last traded price)

📊 $7.5M traded 🏦 Source: Kalshi
Total Volume
$7.5M
Open Interest
2,640,296
Active Markets
15
Markets
15

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Yes Ask
Last Price
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Prices in cents (1¢ = 1%). Trade on Kalshi.

All Outcomes (15)
Outcome Probability Yes Bid Yes Ask 24h Change Volume
Mojtaba Khamenei 70%
68¢ 70¢ $2.5M Trade →
Position abolished 9%
$1.3M Trade →
Alireza Arafi 16%
11¢ 15¢ $1.2M Trade →
Ali Larijani 4%
$531K Trade →
Hassan Khomeini 8%
$477K Trade →
Gholam-Hossein Mohseni-Eje'i 5%
$406K Trade →
Sadeq Amoli Larijani 6%
$274K Trade →
Mohammad Mahdi Mirbagheri 3%
$231K Trade →
Mohsen Araki 1%
$127K Trade →
Ali Asghar Hejazi 1%
$105K Trade →
Hashem Hosseini Bushehri 1%
$99K Trade →
Ahmad Khatami 1%
$74K Trade →
Masoud Pezeshkian 1%
$69K Trade →
Mohsen Qomi 1%
$68K Trade →
Ahmad Vahidi 1%
$35K Trade →

About This Market

This market asks which named individual will become Iran’s next Supreme Leader, with settlement tied to the death of the current officeholder. It matters because the Supreme Leader is Iran’s ultimate authority and the selection shapes domestic policy and regional strategy.

The Supreme Leader is chosen through Iran’s internal clerical and political mechanisms; historically succession has involved the Assembly of Experts, senior clerics, and influential security institutions. Factional balance within the clerical establishment, the role of the Islamic Revolutionary Guard Corps (IRGC) and broader political dynamics all shape potential successors.

Market prices reflect traders’ collective assessment of who is most likely to be named at the moment the contract’s settlement trigger occurs; because this contract settles on death, prices are a snapshot of expectations immediately before that trigger.

Key Factors

Frequently Asked Questions

When will this Kalshi market settle?

Per the contract title, the market is defined to settle upon the death of the sitting Supreme Leader; the final payout will be determined by the last traded price at that time. For precise operational details, consult the market’s contract specifications and exchange rules.

What specific outcomes are included and how many options are tradable?

This market lists 15 named outcomes. The full list of names and any text descriptions are available on the market page; consult the contract page to see how outcomes are defined and whether there is an 'other' category or tie-breaking rule.

If the Supreme Leader is removed, resigns, or becomes incapacitated but does not die, will the market settle?

Because the contract explicitly references death as the settlement trigger, removal, resignation, or temporary incapacitation would not automatically settle the market unless the exchange’s official contract terms state otherwise. Always check the exchange’s precise settlement conditions.

How do Iran’s institutions determine who might be chosen among the listed outcomes?

The Assembly of Experts formally selects the Supreme Leader, but real-world selection typically reflects negotiation among senior clerics, the IRGC and security apparatus, and political factions; legitimacy within the clerical establishment and perceived ability to manage domestic and international pressures are key considerations.

What kinds of external or sudden events could rapidly change which outcome traders favor?

Major events such as sudden regional conflict, large-scale protests, high-profile defections, or new sanctions can shift internal power balances and change which figures are seen as viable successors, causing rapid re-evaluation by market participants.

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